Saudi Aramco says H1 2019 net income slips to 46.9 billion

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Aug 12, 2019

2:12PM

Saudi Aramco says H1 2019 net income slips to 46.9 billion

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In Saudi Arabia, state-owned energy giant Aramco said today its first half net income for 2019 had slipped to 46.9 billion. It is the first time the company has published half-year financial results.The fall in income, owing to lower oil prices, comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing. Saudi Arabia plans to sell up to five percent of the world's largest energy firm and hopes to raise up to 100 billion.