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The Independent UK

National

Jon Gambrell

Saudi oil giant Aramco reports $106 billion profit in 2024, down 12% on lower energy prices

Aramco Oil Saudi Arabia OPEC

Saudi Arabia Earns Aramco - (Copyright 2019 The Associated Press. All rights reserved)

Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year on lower energy prices.

A filing on Riyadh's Tadawul stock exchange showed the oil company, formally known as the Saudi Arabian Oil Co., had revenues of $436 billion in 2024.

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