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Saudi Aramco Q2 Profit Down 38% to $30 Billion

admin-augaf by admin-augaf
August 7, 2023
in Business, News
Reading Time: 1 min read
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Saudi Aramco’s Luberef Gets Regulator Nod for IPO
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Riyadh August 7 2023: Saudi Arabian state oil giant Aramco (2222.SE) on Monday reported a near 38% drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals.

Aramco's net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 billion a year earlier, the company said in a bourse filing, but topped the $29.8 billion expected by 15 analysts in an Aramco-provided poll.


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Tags: ARAMCOCommoditiesOil Prices
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