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Saudi Aramco profit drops

Saudi Aramco profit drops as it flags cost cuts, divestments

Saudi Arabian oil company Aramco reported a 22% drop in second-quarter profit on Tuesday, and the world's top oil exporter said it was cutting costs and looking to divest assets as crude prices drop and its debt mounts.

Wall Street Journal · 4d

Saudi Aramco Keeps Dividend After Profit Takes Hit From Lower Oil Prices

Aramco pumped more oil but lower prices hurt its top line as crude on average fell to $66.7 a barrel from $76.3 earlier this year.

Forbes · 4d

Saudi Aramco Profit Dips For 10th Quarter In A Row

Energy giant Saudi Aramco posted its tenth successive decline quarterly profits on Tuesday, following reduced takings in the face of lower oil prices.

4don MSN

Saudi Aramco posts revenue drop ahead of projected demand hike in second half

Aramco has increasingly tapped debt markets, with two issuances totalling $9 billion in the second half of 2024 and a ...

Nasdaq3y

Saudi Aramco net profit soars 82% in Q1 on high oil prices

State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices. DUBAI, May 15 (Reuters ...

Engineering News-Record2y

Saudi Aramco Confirms Estimated $100B Gas Field Phased Expansion

Saudi Aramco said its latest sustainability report includes a target to reach 12GW of solar and wind capacity by 2035, and produce 11 million tons of blue ammonia by 2030 for use in hard-to ...

The Gazette3mon

Saudi Aramco signs development deal with China's EV giant BYD

FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo Benoit Tessier ...

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