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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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Shivamogga: Wild elephant dies due to electrocution form farm fence; Landowner detained
Folk singer Sharda Sinha’s condition critical, PM in direct contact with treating doctors
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