Saudi Aramco says H1 2019 net income slips to 46.9 billion

A- A A+

Last Updated : Dec 10 2019 8:44AM Screen Reader Access

News Highlights

Lok Sabha passes Citizenship Amendment Bill Campaigning for third phase of Jharkhand assembly elections ends today Govt further reduces stock limit of onion for retailers to check hoarding India call upon more countries to join ISA to reduce dependence on fossil fuels 13th South Asian Games come to close in Nepal today

International News

Aug 12, 2019

2:12PM

Saudi Aramco says H1 2019 net income slips to 46.9 billion

AIR PIC

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.