• "Aramco" announces its profits in the first half of this year • Journal of the Observatory



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Aramco announces first half profit

Aramco, the world's largest oil exporter, announced Monday a net profit of $ 46.9 billion in the first half of this year, down from $ 53.02 billion the year before.

Aramco said its total revenue was $ 163.88 billion in the first half of this year, down from $ 167.68 billion a year earlier.

The company attributed declining profits to lower oil prices and output. – According to Reuters

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

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