Saudi Aramco says Q3 profit drops 15% on low oil prices

Riyadh, Saudi Arabia — Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. The fall in net income to $27.56 billion this year from $32.58 billion in 2023 “was mainly due to the impact of lower crude oil prices and weakening refining margins”, the
Read The Rest at :