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Saudi Aramco reports 25% dip in profits after oil market collapse

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World’s most profitable company posts net profits of $16.64bn for first quarter

Saudi Arabia’s state-owned oil company, Saudi Aramco, has posted a 25% dip in profits following the collapse of global oil markets triggered by the coronavirus pandemic.

 

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They are not worried at all where their next paycheck is coming from. Us normal peeps are hurting.

👍🏾🙏🏾

Wow. An oil company with a 25% dip in PROFITS. Not losing $$$. One of the world's biggest oil companies not losing money, not demanding government handout. Please tell albertaprotest Alberta JasonKe23691708

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