Saudi Aramco 2020 web revenue slumps 44.4% as COVID-19 bites By Reuters

© Reuters. FILE PHOTO: An worker rides a bicycle subsequent to grease tanks at Saudi Aramco oil facility in Abqaiq

DUBAI (Reuters) – Saudi Arabian state oil large Aramco (SE:) on Sunday reported a 44.4% drop in 2020 web revenue, hit by decrease costs and volumes bought, and weakened refinery margins, because the coronavirus pandemic depressed demand.

Web revenue fell to 183.76 billion riyals ($49.00 billion) for the yr that ended December 31, from 330.69 billion riyals a yr earlier.

Analysts had anticipated a web revenue of 186.1 billion riyals in 2020, in response to the imply estimate of analysts in Refinitiv’s Eikon.

($1 = 3.7505 riyals)

Disclaimer: Fusion Media want to remind you that the information contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs will not be offered by exchanges however somewhat by market makers, and so costs might not be correct and should differ from the precise market worth, that means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you may incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding kinds doable.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *