Saudi Aramco reports 20.6{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} drop in 2019 profit over low prices, production
Saudi Aramco on Sunday claimed a 20.six {ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} fall in its net financial gain for 2019 owing to reduced oil charges and output levels, the enterprise said in a assertion.
The electricity big posted net profits of $88.two billion final 12 months compared to $111.one billion in 2018, it said in the assertion to the Saudi Inventory Market.
“The decrease was generally owing to lower crude oil charges and output volumes, coupled with declining refining and chemical margins,” Aramco said.
