Saudi Aramco's financial statements showed last year's profits down 20.6% year on year.
According to the results of the company for the Saudi market (Tadawul) today, last year’s profits reached 330.69 billion riyals, compared to 416.52 billion riyals in 2018. >
The company said in a statement to the Stock Exchange that the decline in profits is mainly due to the decline in crude oil prices and production quantities.
Aramco indicated that the comparison periods witnessed a decrease in the profit margins for the refining and chemicals sectors, and a decrease in the fixed value related to Sadara Chemical Company by 6 billion riyals.
