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Saudi Aramco Q2 Profits Slump 73% On Low Oil Prices

Saudi Aramco Q2 Profits Slump 73% On Low Oil Prices

The company said it posted a net profit of $6.6 billion for the three months to June 30.

Energy giant Saudi Aramco said on Sunday its net profit for the second quarter plunged a massive 73 percent year-on-year due to sharply lower oil prices.

The company said it posted a net profit of $6.6 billion for the three months to June 30, compared to $24.7 billion in the same period of 2019.

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