( ) -q-25- UNDATED (Correspondent Jeremy House) “five-billion higher.” Saudi oil giant Aramco has reported half-year profits of $56.3 billion. [CutID: <Cuts> ARAMCO-PROFIT-house-q-TUEam.mp3 Time: 25s Title: ARAMCO-PROFIT-house-q-TUEam Out-cue: five-billion higher] TAG: Correspondent Jeremy House reporting. Benchmark Brent crude traded around $77 a barrel on Tuesday after Japan’s Nikkei stock market plunged 12.4% Monday in its […]
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Saudi Arabia’s Aramco reports lower half-year profits
( ) -q-25- UNDATED (Correspondent Jeremy House) “five-billion higher.”
Saudi oil giant Aramco has reported half-year profits of $56.3 billion.
[CutID: <Cuts> ARAMCO-PROFIT-house-q-TUEam.mp3
Time: 25s
Title: ARAMCO-PROFIT-house-q-TUEam
Out-cue: five-billion higher]
TAG: Correspondent Jeremy House reporting. Benchmark Brent crude traded around $77 a barrel on Tuesday after Japan’s Nikkei stock market plunged 12.4% Monday in its worst single-day decline since 1987.
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VERBATIM: That’s down from the year before due to weakening volumes sold amid worries about the global economy. Aramco, formally known as the Saudi Arabian Oil Company, says its overall revenue for the half-year was $220.7 billion. That’s up from $218.6 billion the year before. Profits in 2023 were $61.9 billion, nearly $5 billion higher.