Saudi Aramco half-year profits plunge 50% from virus

1 month ago

DUBAI, United Arab Emirates (AP) — Saudi Aramco’s net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world’s biggest oil producers. Profits for the first six months of the year plunged to $23.2 billion, half of last year’s