Reported 2 months ago
Saudi Arabia's oil giant Aramco announced half-year profits of $56.3 billion, down from the previous year, largely due to reduced crude oil sales and economic uncertainties. Despite an increase in overall revenue to $220.7 billion, the decrease in profits was impacted by dwindling refining margins and lower other incomes. Aramco plans to issue substantial dividends while facing pressures from fluctuating oil prices and global economic challenges.
Source: YAHOO