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K’taka irrigation issues: CM urges Deve Gowda to come forward to protect state’s interest
IPL 2025 schedule announced: Opening match between KKR and RCB on March 22
L.R. Shivarame Gowda and Brijesh Kalappa rejoin Congress
Champions Trophy: Arshdeep with more variations likely starter ahead of Harshit
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Fire engulfs seven tents in Maha Kumbh
Saudi Aramco reports 20.6% drop in 2019 profit over low prices, production
PTI, Mar 15, 2020, 4:23 PM IST
Riyadh: Saudi Aramco on Sunday reported a 20.6 per cent drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement.
The energy giant posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, it said in the statement to the Saudi Stock Market.
“The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins,” Aramco said.
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