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Saudi Aramco's profit plunges 73.4%, but sees signs of oil market recoveryDUBAI (REUTERS, BLOOMBERG) - Saudi state oil group Aramco on Sunday (Aug 9) reported a 73.4 per cent fall in second-quarter net profit, a steeper drop than analysts had forecast. It said it expected capital expenditure for 2020 to be at the lower end of a US$25 billion to US$30 billion (S$27.5 billion to S$41.2 billion) range.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »