Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy.Second-quarter profits slid 22 percent year-on-year to 85 billion riyals ($22.
Saudi Aramco reported a 20% decline in second-quarter earnings due to lower oil prices and increased operating costs, despite rising production volumes.
Saudi Aramco's profit slid 22 percent in the second quarter to 85 billion riyals ($22.67 billion) as a slump in prices hit revenues, the oil giant said on Tuesday.Aramco, the world's biggest oil exporter and driver of the Saudi economy, has now seen profits decline for 10 straight quarters since rec…
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Saudi Aramco Profit Dips For 10th Quarter In A Row | Since Then