Saudi Aramco to cut 2020 capital spending; 2019 net profit falls 21%

Saudi Aramco to cut 2020 capital spending; 2019 net profit falls 21%
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24.03.2020

MOSCOW (MRC) -- State oil giant Saudi Aramco will cut its spending this year due to the coronavirus pandemic, while it increases its dividend, the company said Sunday, as its share price continued to decline amid the Saudi regime's price war with Russia, said The Wall Street Journal. Saudi Arabia's decision last year to float shares in its state oil company - the most profitable company i

Full article at mrcplast.com

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