Saudi Aramco Q3 Profit Slips 23% As Oil Prices And Production Fall

Saudi Aramco Q3 Profit Slips 23% As Oil Prices And Production Fall

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Saudi Aramco reported on Tuesday a 23.2% annual decline in its third-quarter net income as lower oil prices and lower oil sales weighed on profits and cash flows. Aramco booked a net income of $32.6 billion for the third quarter of 2023, down from a net income of $42.4 billion for the same period…

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