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FinancialNews
10-08-20
Saudi Aramco utters allocates 18.75 billion USD extra for second quarter despite Coronavirus confronts
(MENAFN) On Sunday August 9 Saudi Press Agency (SPA) accounted that the Saudi Arabian Oil Company (Aramco) declared that the bonus sharing of 18.75 billion United States dollars to the savers for the second quarter of 2020.
A company statement carried by the SPA stated that this bonus, up from 13.4 billion dollars for the same period of 2019, is remunerated in spite of worldwide economic trouble and confronts facing the energy division.
Amin H. Nasser president and CEO of the Saudi company stated importance Aramco's financial and operational pliability in the middle of the Coronavirus pandemic that Aramco will carry on to follow long-term enlargement and diversification approach to detain unachieved and extra significance from "every produced hydrocarbon molecule.".
Saudi Aramco strike an evidence net profits of 6.6 billion dollars for the second quarter and 23.2 billion dollars for the first half of 2020, contrasted to 24.7 billion dollars and 46.9 billion dollars in the equivalent times of 2019.
MENAFN1008202000450000ID1100610825
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