Saudi Aramco’s first-half net income falls 12% to $47 billion

An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia.

Ahmed Jadallah | Reuters

Saudi Aramco, the world’s top oil producer, reported first-half net income of $ 46.9 billion on Monday, down from $ 53.02 billion a year earlier.

By comparison, Apple Inc, the world’s most profitable listed company, made $ 31.5 billion in the first six months of its financial year.

Aramco said total revenues including other income related to sales were at $ 163.88 billion in the first half of this year, down from $ 167.68 billion a year earlier, on lower oil prices and reduced production.

Let’s block ads! (Why?)

Top News & Analysis