Saudi oil giant Aramco reports $30B in profits, down nearly 40% from last year due to lower prices

Saudi oil giant Aramco reports $30B in profits, down nearly 40% from last year due to lower prices

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DUBAI, United Arab Emirates -- Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices. Total sales stood at just over $106 billion, down from $150 billion in the…

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