Aramco reports $30 billion in Q2 profits, down 40% YoY
Saudi Arabia’s state-run oil giant Aramcobrought in $30 billion in revenues in the second quarter, a nearly 40% decline from the same period the previous year, which it attributed to lower crude oil prices.
Total sales stood at just over 400 billion riyals (about $106 billion), down from 562 billion riyals ($150 billion in the second quarter of 2022.
