{"id":367412,"date":"2020-08-11T11:59:11","date_gmt":"2020-08-11T06:29:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367412"},"modified":"2020-08-11T12:22:43","modified_gmt":"2020-08-11T06:52:43","slug":"aramcos-apr-jun-profit-down-73-but-sees-oil-market-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramcos-apr-jun-profit-down-73-but-sees-oil-market-recovery\/","title":{"rendered":"Aramco\u2019s Apr-Jun profit down 73%, but sees oil market recovery"},"content":{"rendered":"<p>Energy giant Saudi Aramco has reported a 73 per cent fall in its profit, or the net income, for the April-June quarter to $6.6 billion amid the pandemic. <\/p>\n<p>During the same period of 2019, the company had reported a net income of $24.7 billion. For the first half of 2020, it has reported a net income of $23.2 billion, compared to $46.9 billion reported during the corresponding period a year ago, the company said in a statement. <\/p>\n<p>\u201cAramco navigated challenging market conditions to record net income of $6.6 billion for the second quarter and $23.2 billion for the first half of 2020, respectively, compared to $24.7 billion and $46.9 billion in the corresponding periods of 2019. <\/p>\n<p>This demonstrates Aramco\u2019s agility, strength and resilience across market cycles,\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy giant Saudi Aramco has reported a 73 per cent fall in its profit, or the net income, for the April-June quarter to $6.6 billion amid the pandemic. During the same period of 2019, the company had reported a net income of $24.7 billion. For the first half of 2020, it has reported a net income of $23.2 billion, compared to $46.9 billion reported during the corresponding period a year ago, the company said in a statement. \u201cAramco navigated challenging market conditions to record net income of $6.6 billion for the second quarter and $23.2 billion for the first half [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,211,144],"tags":[],"class_list":["post-367412","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=367412"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367412\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}