US EditionSaudi Oil Giant with Significantly Lower Revenue - Business Info
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Saudi Aramco reported a double-digit decline in revenue in the second quarter, saying lower oil prices outweighed increased production. Revenue and other sales-related income amounted to 407.14 billion riyals ($108.57 billion) in the April-June period, down 13.5 percent from the same quarter last year. Compared with the first quarter, Aramco's revenue fell 5.2 percent. The company closed the second quarter with a net profit of 85.02 billion riya…
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