• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Saudi Aramco yearly profits down 20.6 percent

15th March 2020 David Stevenson

Saudi Aramco yearly profits down 20.6 percent Pin It

The net profit of Saudi Aramco, the state oil company of Saudi Arabia, decreased by 20.6 percent last year. The company reports on Sunday that it is a result of low oil prices and reduced production.

Last year, Saudi Aramco posted net profit of $ 88.2 billion. In 2018 it was still more than 111 billion. Amin Nasser, CEO of the company, calls 2019 an “exceptional year for Saudi Aramco”.

Earlier this month, the company announced it would increase production capacity to 13 million barrels per day. At first it was 12 million barrels. Experts think that it may take some time before that production is increased.

Capacity building is part of the price war Saudi Arabia is unleashing in the oil market following the failure of a production restriction deal with Russia. In addition, Riyadh significantly reduces the prices of its oil, while production is increased. In April, Saudi Aramco’s daily oil deliveries should already rise to 12.3 million barrels. That would be a record level.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Europe is closing borders,…

In Foreign Affairs

Europe is closing borders, US declares the state of emergency

View Post

Next Post

Hamster rage continues: limit set…

In Foreign Affairs

Hamster rage continues: limit set on grocery, distribution at full speed

View Post

In Foreign Affairs

The Interconnector pipeline comes to a standstill

View Post

In IT, Innovation and Startups

TikTok tests an unusual partnership

View Post

In Money Matters

Just Eat Takeaway is making progress, stabilises profits

View Post

In Domestic Affairs

BOE expects a recession that will last one year or more

View Post

Newsletter

Latest News

View

Regulator publishes Trend Report on accountancy

8th August 2022

View

Dr. Martens: in times of crisis, iconic brands score

8th August 2022

View

BOE expects a recession that will last one year or more

7th August 2022

View

The Interconnector pipeline comes to a standstill

5th August 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

In Money Matters

Sainsbury’s sends British jobs to India

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019-2022 Talk Finance - All Rights Reserved.

[email protected]