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Saudi Aramco banks $31.9bn in first quarter, down 19%
Saudi Aramco banks $31.9bn in first quarter, down 19%
by  AFP

Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent from a year earlier after a drop in crude prices. It is more than three-quarters of the $40.5 billion in combined first-quarter profits reported by the five oil majors: BP and Shell in Britain, ExxonMobil and Chevron in the United States, and TotalEnergies in France.

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