Saudi Aramco’s quarterly profits drop nearly 40% but it still rakes in $30bn

Saudi Aramco’s quarterly profits drop nearly 40% but it still rakes in $30bn

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The world’s biggest oil firm, Saudi Aramco, has announced a near-40% fall in profits after a decline in crude oil prices and weakening margins in refining and chemicals. The company, which is 90% owned by the Saudi state, said in a statement to the market that profits were $30.1bn for the months…

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