Cost cuts, divestments to blame for Saudi Aramco 22% second-quarter profit drop

theglobeandmail.com/business/article-saudi-aramco-second-quarter-profit-drop-divestment-cost-cuts

Saudi Arabian oil company Aramco reported a 22 per cent drop in second-quarter profit on Tuesday, and the world’s top oil exporter said it was cutting costs and looking to divest assets as crude prices drop and its debt mounts.
The firm’s generous dividends, a key source of funding for…

This story appeared on theglobeandmail.com, 2025-08-05 11:33:19.
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