Saudi Aramco, the state-run oil giant, says its net income dropped by $22.9 billion to $88.2 billion in 2019
DUBAI, United Arab Emirates —
Saudi Aramco, the state-run oil giant, says its net income dropped by $22.9 billion to $88.2 billion in 2019.
The oil firm formally known as the Saudi Arabian Oil Co. made the announcement in yearly results announced on Sunday.
The results come as Aramco now trades a sliver of its worth on Riyadh’s Tadawul stock exchange.
It marks a new turn for the oil company, which previously remained a private company that didn’t need to announce results.