Monday, 12 August 2019

UPDATE 1- #Saudi Aramco's first-half net income falls 12% on lower oil prices - Reuters

UPDATE 1-Saudi Aramco's first-half net income falls 12% on lower oil prices - Reuters:

Top oil producer Saudi Aramco maintained its position as the world’s most profitable company on Monday even as it reported a 12% drop in first-half net income to $46.9 billion due to lower oil prices.

By comparison, Apple Inc, the world’s most profitable listed company, made $31.5 billion in the first six months of its financial year.

Aramco said it generated total revenues, including other income related to sales, of $163.88 billion in the first half of this year, down from $167.68 billion a year earlier.

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