Saudi oil giant Aramco posts 5% dip in first-quarter profit

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Saudi oil giant Aramco posts 5% dip in first-quarter profit

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. 

Hamad I Mohammed | Reuters

Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production.

Net income for the three months to March 31 came in at $26 billion, down from $27.3 billion for the same ******* last year, the company reported. The figure was slightly above analyst expectations of $25.3 billion.

Aramco announced its free cash flow for the quarter at $19.2 billion, down from $22.8 billion in the first quarter of 2024, and cash flow from operating activities at $31.7 billion compared to last year’s $33.6 billion.

This is breaking news. Please refresh for updates.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Saudi #oil #giant #Aramco #posts #dip #firstquarter #profit

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up