Aramco posts $16.9Bln in profits and plans to spend $25Bln-$30Bln

Tuesday, 19 May 2020

The Saudi Arabian Oil Co (Saudi Aramco), the biggest crude oil production company and partly responsible for swamping the globe with oil supplies amid a demand plunge, reported a 25 percent drop in first-quarter net income to $16.7 billion from $22.21Bln in the prior-year quarter.


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