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Aramco Profit Falls for a 10th Quarter as Weak Oil Hits Earnings

Aramco Profit Falls for a 10th Quarter as Weak Oil Hits Earnings

Bloomberg7 hours ago
Saudi Aramco reported a decline in profit for a 10th straight quarter as lower oil prices outweighed the impact of higher production.
Net income attributable to shareholders dropped 19% to 85.63 billion riyals ($22.8 billion) in the second quarter from a year earlier, according to a statement Tuesday. That missed analysts' estimates compiled by Bloomberg. Free cash flow again failed to cover the dividend.
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