Saudi Oil Giant Aramco Reports $106 Billion Profit in 2024, Down 12% on Lower Energy Prices

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year on lower energy prices. A filing on Riyadh’s Tadawul stock exchange showed the oil company, formally known as the Saudi Arabian Oil Co.,

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Author: Associated Press