Saudi Aramco reveals profits



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Reuters

Saudi Aramco unveils its profits

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Saudi Aramco, the world's largest oil exporter, said it posted net profit of $ 46.9 billion in the first half of this year, down from $ 53.02 billion a year ago.

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According to Aramco, total revenue amounted to $ 163.88 billion in the first half of this year, down from $ 167.68 billion a year earlier.

The Saudi company attributed declining profits to lower oil prices and output.

In comparison, Apple made $ 31.5 billion in the first six months of its current fiscal year.

Source: Reuters

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