Discover: Aramcos First-Quarter Profit Slips by 5% Due to Softening Crude Prices
Highlights: – Saudi Aramco’s first-quarter net profit fell 5% year-on-year due to lower oil prices and production. – The company reported a net income of $26 billion, slightly above analysts’ expectations. – Aramco announced a reduction in its performance-linked dividend payout, impacting both its balance sheet and the Saudi government. The Impact of Lower Oil […]
