Lower oil prices push Saudi oil giant Aramco’s first quarter profit down 19%

Capt. John

Saudi oil giant Aramco’s first quarter net profit dropped 19% from a year earlier to 119.54 billion riyals ($31.88 billion), it said on Tuesday, due to lower crude prices. Profit still beat analysts’ median forecast of $30.8 billion, according to Refinitiv data, and Aramco said the decline was...

https://www.hellenicshippingnews.com/lower-oil-prices-push-saudi-oil-giant-aramcos-first-quarter-profit-down-19/

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