Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price

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The financial results for the second quarter reflect the biggest shock to global energy markets in decades.

"Strong headwinds from reduced demand and lower oil prices are reflected in our second quarter results," Aramco President and CEO Amin Nasser said in the release.

 

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Who cares oil prices are fabricated anyways. Ocean exist or oil in Middle East and In US all they have to turn on is th Tap

But they still profited, soooo.

Surprised the profit drop was only 50%?

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