×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW

WATCH TV LIVE

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.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Click Here to comment on this article
Share
GlobalTalk
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
82
2020-39-15
Sunday, 15 March 2020 03:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved