The quarter profit of Saudi Aramco was reduced by 44%

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The profit the Saudi state oil companies Saudi Aramco in the third quarter 2020 fell to 44,6% in comparison with the similar period of last year, follows from its financial report. As they say in the document, the net profit of Saudi Aramco fell to 44,21 billion rials ($11,79 billion) in a quarter till September 30 in comparison with 79,84 billion rials ($21, 2 billion) year before. As a whole in nine months 2020 the net profit of companies was reduced to 131,3 billion rials ($35 billion) from 255,71 billion rials ($68,19 billion). In the report it is noted that such indicators were affected by the average price of crude oil...

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Saudi Aramco
Main activity:Production of coke, oil products and nuclear materials