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Raw material: The fall continues for oil giant Aramco

08/11/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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On Tuesday, November 7, 2023, the oil company Aramco announced that it recorded a net profit down 23% year on year in the third quarter.

A press release from oil giant Aramco recorded profits of $32.58 billion, compared to $42.43 billion in the same period last year, according to a statement. According to the company, these results reflect “the impact of the decline in crude prices and sales volumes.” Noted that Aramco had already seen its profit fall by 19.25% in the first quarter and by 38% in the second quarter compared to the same periods

in 2022.
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