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Tags: Saudi Arabia | Oil

Saudi Aramco's Net Income Drops to $88.2 Billion in 2019

Sunday, 15 March 2020 03:39 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Aramco, the state-run oil giant, says its net income dropped by $22.9 billion to $88.2 billion in 2019.

The oil firm formally known as the Saudi Arabian Oil Co. made the announcement in yearly results announced on Sunday.

The results come as Aramco now trades a sliver of its worth on Riyadh’s Tadawul stock exchange.

It marks a new turn for the oil company, which previously remained a private company that didn’t need to announce results.

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Saudi Aramco, the state-run oil giant, says its net income dropped by $22.9 billion to $88.2 billion in 2019.The oil firm formally known as the Saudi Arabian Oil Co. made the announcement in yearly results announced on Sunday.The results come as Aramco now trades a sliver...
Saudi Arabia,Oil
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2020-39-15
Sunday, 15 March 2020 03:39 AM
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