( ) -q-22- UNDATED (Correspondent Jeremy House) “the year before.” Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues. [CutID: <Cuts> ARAMCO-PROFITS-house-q-TUEam.mp3 Time: 22s Title: ARAMCO-PROFITS-house-q-TUEam Out-cue: the year before] TAG: Correspondent Jeremy House reporting. Oil prices have […]
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Saudi oil giant Aramco posts Q3 profits of $27.5 billion
( ) -q-22- UNDATED (Correspondent Jeremy House) “the year before.”
Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues.
[CutID: <Cuts> ARAMCO-PROFITS-house-q-TUEam.mp3
Time: 22s
Title: ARAMCO-PROFITS-house-q-TUEam
Out-cue: the year before]
TAG: Correspondent Jeremy House reporting. Oil prices have been depressed in recent days as tensions in the Middle East appear to have receded slightly and as China’s economy has slowed. Benchmark Brent crude traded Tuesday at around $75 a barrel.
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VERBATIM: Aramco, formally known as the Saudi Arabian Oil Co., had revenues of $111.1 billion over the July-to-September quarter. It made $113 billion during the same quarter last year. Profit for the first nine months of 2024 was $83.9 billion, down from $94.5 billion the year before.