Saudi Aramco profit plummets 38 per cent… to $30.1bn

Saudi Arabian state oil giant Aramco reported a near 38% drop in second-quarter net profit on Monday amid weaker oil prices and thinner refining and chemicals margins, as it boosted its dividend with a new performance-linked payout. Aramco’s net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 [...]