Aramco "7.4% Decrease in Sales Compared to Previous Year"
[Asia Economy Reporter Kiho Sung] Saudi Arabia's state-owned oil company Aramco announced that its sales last year reached 1,106 billion riyals (approximately 357 trillion won, 290 billion dollars). This represents a 7.4% decrease compared to the previous year.
On the 15th (local time), Aramco disclosed that its net profit last year was 301 billion riyals (approximately 107 trillion won, 88.2 billion dollars), a 20.6% decline from the previous year.
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Aramco explained that the main reasons for the decline in last year's performance were the drop in oil prices and reduced production volume.
This content was produced with the assistance of AI translation services.
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