Monday, September 29, 2025
Saudi Aramco -oilandgas360

Saudi Aramco’s profit plunges 25% on coronavirus pandemic

Oil & Gas The company’s income dipped to $16.6 billion for Q1 2020 Saudi Aramco saw a 25% plunge in profit in the first quarter of 2020 to $16.6 billion (62.48 billion Saudi riyals), but was able to retain its dividend. It also noted that it would rein in spending as the coronavirus pandemic continues. “The COVID-19 crisis is unlike