Saudi Aramco Reports Net Income Of 46.9 Billion USD In First Half Of 2019

  • Aug 14, 2019
  • NAM News Network

RIYADH, Saudi Arabia, Aug 13 (NNN-SPA) – Saudi petroleum company, Aramco, reported a net income of 46.9 billion U.S. dollars, in the first half of 2019.

The company highlighted in a statement that, during the same period last year, the net profit was 53 billion U.S. dollars. Earnings before interest and tax was 92.5 billion U.S. dollars, compared with 101.3 billion U.S. dollars a year earlier.

Commenting on the results, Saudi Aramco President & CEO, Amin Nasser, said, “Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow, underpinned by our consistent operational performance, cost management and fiscal discipline.”

He said, the company demonstrated reliability with near 100 percent delivery on customers’ requirements for oil and refined products, maintaining total hydrocarbon production of 13.2 million barrels of oil equivalent per day, and an average daily crude production of 10 million barrels.– NNN-SPA