Reported about 22 hours ago
Saudi Aramco reported a 5% drop in first-quarter profits to $26 billion due to the economic uncertainty caused by Donald Trump's trade war, leading to decreased oil prices and a cut in dividends. This decline mirrors similar patterns at other oil companies like Shell and BP, putting additional pressure on Saudi Arabia's efforts to diversify its economy away from oil dependence as Trump prepares for a visit to the Middle East aimed at securing investment deals.
Source: YAHOO