Saudi Aramco recorded its first annual profit drop since 2020 ...Middle East

Quartz - Economy
Saudi Aramco recorded its first annual profit drop since 2020
Saudi Aramco announced a 19% drop in quarterly profits compared to the same period in 2022, largely thanks to lower global oil prices. It’s the first year-over-year dip for the company since 2020. Despite that decline, Aramco—primarily owned by the Saudi government—is still among the world’s most profitable oil…Read more...

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