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Saudi Aramco Q2 profits drop 38% on lower prices: statement
Saudi Aramco Q2 profits drop 38% on lower prices: statement
Business and Economy
by  AFP

Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall from the same period last year when prices surged after Russia invaded Ukraine. Aramco reported record profits totalling $161.1 billion last year, allowing the kingdom to notch up its first annual budget surplus in nearly a decade.