Nov 5, 2024
📈 Aramco Q1–Q3 2024 Earnings: Revenue Down 1.7%, Profit Down 11.3%
Between the first three quarters of 2023 and the same period in 2024, Aramco's revenue (including other income related to sales) declined slightly by 1.7%, from $373 billion to $366 billion. Net income fell more sharply, decreasing by 11.3% from $95 billion to $84 billion, largely due to lower oil prices.