Saudi Aramco Q1 profits of $16B as virus impacts earnings

DUBAI, United Arab Emirates (AP) — Saudi Aramco, the kingdom’s energy producer, announced on Tuesday a net income of $16.7 billion for the first three months of the year and dividends of $18.75 billion for shareholders. Despite posting the highest quarter dividends in 2020 of any listed company, its profits were 25% down, compared to […]