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Saudi Aramco’s Profit Falls on Weak Oil Prices, Lower Output

Saudi Aramco , which spearheaded last week’s oil price clash with Russia, posts a sharp fall in profit due to lower crude prices and a drop in production

State oil giant Saudi Aramco , which spearheaded last week’s oil price clash with Russia, said its 2019 profit fell almost 21% due to lower crude prices and a drop in production volumes.

summer.said@wsj.com March 15, 2020 4:11 am ET DUBAI—State oil giant Saudi Aramco, which spearheaded last week’s oil price clash with Russia, said Sunday its 2019 profit fell almost 21% due to lower crude-oil prices and a drop in production volumes. The company posted a net profit of 330.69 billion Saudi riyals ($88.11 billion) after zakat and tax in the period ended Dec. 31, down from 416.52 billion riyals a year earlier. In… Read more: The Wall Street Journal

The price of one gallon of gasoline ⛽ is $1.80 in my neighborhood. Good. Something something about cutting off oil money that funds known terrorists and terrorist organizations. They’ll make it up though with the new nuclear technology that the trump administration along with Rick perry sold them in a closed room deal last year.

The IPO was a ponzi scheme to defraud the investors Good that comparatively it was small dilution But it will not be able to sell any further stake in the future Hold on and cut oil prices, it’s good for Aramco! KremlinRussia_E Congrats in shooting yourself in the foot MH17 Let Putin and MBS drown in their oil!

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🦠🤣🖕🏿 Cut down . life is first.

Saudi Aramco’s 2019 profit down 21% on weak oil priceSaudi Arabia’s state oil giant Aramco said on Sunday its 2019 pro… OH, what a misfortune! Could not happen to a bigger bunch of bastards

Saudi Aramco’s net income drops to $88.2 billion in 2019DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its net income dropped by $22.9 billion in 2019 to $88.2 billion, a sharp decrease coming as the kingdom stands ready to flood… jongambrellAP jongambrellAP 15 of the 19 9/11 terrorists were from Saudi Arabia. jongambrellAP Good, fuck the Saudi royals

Saudi Arabia floods markets with $25-a-barrel oil as Russia fight escalatesThe sources, from oil majors and refiners which process crude in Europe, said Saudi state oil company Aramco told them it would supply all requested additional volumes in April. Dont lie Till date and time it’s well above 30

Who wins and loses in the Saudi-Russia oil gambit?A drop in oil prices is a good sign for consumers, but current economic conditions and the coronavirus pandemic makes it difficult to see who stands to benefit.

Saudi Arabia-Russia oil price war explained: How long will it last and who is likely to win?Oil markets have been thrown into turmoil by a slowdown in demand caused by coronavirus and a stand off between Moscow and Riyadh. The Arabian horses have the best stamina to win the race Lets find an other source of energy, so we in the west are more independent and free and thats Quick. All they want in the end is to crush our Christian democracy.

Saudi Arabia has launched the ultimate oil power play. Here’s what is stands to gainSaudi Arabia has abandoned efforts to support crude prices and is preparing to flood global markets with cheap oil. It’s a risky strategy that could result in lean years for a country that still relies on crude sales to drive much of its domestic economy. playing it smart GREAT GAS 1.00 BE GREAT this country has made enough money off the world.

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