The world’s top crude oil exporter, Saudi Aramco, reported on Tuesday a 20% decline in second-quarter earnings as lower oil prices weighed on revenues despite rising production in line with the OPEC+ policy. Aramco, which is also the world’s biggest oil company by market capitalization and production, booked a net income attributable to shareholders of $22.85 billion for the second quarter, down by 19% from the same period last year. The income also fell compared to the first quarter as Aramco’s average realized crude price…
Rate This Article
