DUBAI: Saudi Aramco reported a 12per cent fall in half-year net profit on Monday, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.
"Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow underpinned by our consistent operational performance, cost management an fiscal discipline," CEO Amin Nasser said in a statement. It aims to launch an initial public offering by 2020-2021, having postponed its flotation from 2018.
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