Saudi Arabia’s Aramco reports 12% drop in profit

Saudi Arabia’s Aramco reports 12% drop in profit

Aramco, Saudi Arabia’s state-owned oil company, reported a 12% drop in net profit for 2024 on Tuesday. After earning $121.3 billion in 2023, Aramco earned $106.3 billion in 2024, resulting in a lower payout for the kingdom, which relies…

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