PHOTO
This picture shows Aramco tower (C) at the King Abdullah Financial District (KAFD) in Riyadh on April 16, 2023. - Saudi Arabia has put a second four-percent chunk of shares of the Aramco energy giant, worth tens of billions of dollars, under the control of the country's sovereign wealth fund, state media said. (Photo by Fayez Nureldine / AFP)
Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall from the same period last year when prices surged after Russia invaded Ukraine.
"The decrease mainly reflected the impact of lower crude oil prices and weakening refining and chemicals margins," the largely state-owned company said in a statement published on the Saudi stock exchange.
