(Finance) – The Saudi oil giant Saudi Aramco closes the first semester for the year with net income of $62 billion, down from $87 billion in the same period a year ago.
Even in solo second quarter the net result showed a decrease to 30.1 billion dollars from 48.4 billion in the second quarter of 2022, discounting the drop in oil prices compared to last year’s levels. However, the profit is slightly above the 29.8 billion estimated by the consensus.
“Our strong results reflect our resilience and our ability to adapt to market cycles,” he said Amin H. Nasser, president and CEO of Aramco – commenting on the results. “We continue to demonstrate our longstanding ability to meet the needs of customers around the world with high levels of reliability. For our shareholders, we plan to begin paying our first performance-related dividend in the third quarter. At Aramco, the Our medium and long-term vision remains unchanged, with the forecast of a recovery of the global economy in general”.