Saudi Aramco’s profit dropped as lower oil prices slashed revenue

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Saudi Aramco’s profits have plunged in Q2 as lower oil prices dragged down company’s revenue and stunted its growth, according to financial results released by the company on Tuesday. The energy giant reported 92.04 billion Saudi riyals ($24.5 billion) in adjusted net income for the second quarter of 2025, falling short of the 425.71 billion riyals it made in revenue during the same period last year. That figure slid to 378.83 billion riyals this time around, even though trading volumes went up....