Saudi Aramco half-year profits plunge 50% from virus impact

Saudi Aramco Earns

Saudi Aramco’s net income plunged by 50% in the first half of the year, according to figures, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world’s biggest oil producers.

Profits for the first six months of the year plunged to 23.2 billion dollars (£17.77 billion), half of last year’s 46.9 billion dollars (£35.9 billion) for the same time period.