Saudi Aramco net profits drop 4.6% in Q1

Aramco Profit Down $4.6% to $26 Billion

Saudi Arabia’s state-owned oil giant Aramco posted Q1 profit of $26 billion on May 11, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s development plans.

Ticker: Debt ceiling looms again; Profits at Aramco down 4.6%

The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary Scott Bessent warned. “A failure to suspend or increase the debt limit would wreak havoc on our financial system and diminish America’s security and global leadership position,” Bessent wrote in the letter to House Speaker Mike Johnson. “Prior episodes have shown that waiting until the last minute to suspend or increase t…

Saudi Aramco net profits drop 4.6% in Q1

RIYADH — Oil giant Saudi Aramco on Sunday reported a drop of 4.6 per cent in its first-quarter net profits as lower sales and higher operating costs hit the lynchpin of the kingdom's ambitious economic reform plans.Profits fell due to "lower revenue and other income related to sales as well as higher operating costs," read a statement published by the Saudi stock

Aramco first-quarter profits down 4.6% from last year

Bringing Taiwan to the World and the World to Taiwan

The oil companies are passing through canutas, and the almighty Aramco, teaches of the Saudi monarchy, is no exception. The state oil company of the kingdom has reported a fall of 4.6% in its net profit of the first trimester, due to the lower sales and higher operating costs resulting from the economic uncertainty that envelops the markets of the ‘black gold’. Aramco, industrial vehicle of the country that exports more oil from the world, recor…

Saudi Aramco net profits drop 4.6 percent in first quarter: statement - NewsTmes.com.ng

Oil giant Saudi Aramco on Sunday reported a drop of 4.6 in its first-quarter net profits as lower sales and higher operating costs hit the lynchpin of the kingdom’s ambitious economic reform plans. Profits fell due to “lower revenue and other income related to sales as well as higher operating costs,” read a statement published … The post Saudi Aramco net profits drop 4.6 percent in first quarter: statement appeared first on NewsTmes.com.ng.