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Saudi Aramco profit drops as it flags cost cuts, divestments
Business Standard
|August 06, 2025
Saudi Aramco reported a decline in profit for a 10th straight quarter as lower oil prices outweighed the impact of higher production.
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Net income attributable to shareholders dropped 19 per cent to 85.63 billion riyals ($22.8 billion) in the second quarter from a year earlier, according to a statement Tuesday. That missed analysts' estimates compiled by Bloomberg. Free cash flow again failed to cover the dividend and debt rose.
Dit verhaal komt uit de August 06, 2025-editie van Business Standard.
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