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Aramco Profit Falls On Lower Prices

Published by: dailynews
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Saudi Arabia’s national oil company reported a fall in quarterly profit due to lower energy prices and volumes sold.

Saudi Arabian Oil Co., known as Aramco, said Tuesday that its net profit amounted to $32.58 billion in the three months ended September, from $42.43 billion in the same period a year earlier, when it benefited from soaring energy prices after Russia invaded Ukraine.

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