Aramco reported a 50% drop in net profit. This is a half-yearly figure. Aramco (Covid) financial crisis, global oil market slumpAramco) Is also affected.
The company had a net profit of $ 23.2 billion for the first six months of 2020, according to an official statement released on Sunday. The company had a net profit of $ 46.6 billion during the same period last year.
The company had a net profit of Rs 18.75 billion in the second quarter. At the same time, Aramco President and CEO Amin Nasser said that the market is moving forward in the second quarter.
This is Aramco’s first revenue press conference since the market was announced in December.
Earlier, Apple had named Aramco the world’s most valuable company.
Listed as the most valuable company since its launch last year, Saudi Aramco is currently valued at $ 1.76 trillion.