Saudi Aramco says H1 2019 net income slips to 46.9 billion

news

In Saudi Arabia, state-owned energy giant Aramco said today its first half net income for 2019 had slipped to 46.9 billion. It is the first time the company has published half-year financial results.

The fall in income, owing to lower oil prices, comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing. Saudi Arabia plans to sell up to five percent of the world's largest energy firm and hopes to raise up to 100 billion. (AIR NEWS)