Saudi Aramco 2020 net income falls 44%

Saudi Aramco 2020 net income falls 44%
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23.03.2021

MOSCOW (MRC) -- Saudi Arabian state oil giant Aramco said on Sunday it expects to cut capital expenditure after it reported a 44.4% slump in 2020 net profit, hit by lower crude oil prices and sales as the coronavirus pandemic depressed demand, said the company.The company lowered its guidance for spending to around USD35 billion from a range of USD40 billion to USD45 billion previously, a

Full article at mrcplast.com

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