Tuesday, July 27

Saudi Aramco says posted nine-month net income of $68 billion

FILE PHOTO: The Saudi Aramco logo pictured at the company’s oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS/Maxim Shemetov/File Photo

DUBAI (Reuters) – Saudi Aramco, the Saudi state oil giant, said it posted a net income of $68 billion during the nine-month period ending on September 30.

The company’s revenues and other income related to sales for the same period amounted to $244 billion, it said.

Aramco – in an announcement of its intention to list shares on the Saudi stock exchange – also said Saudi nationals subscribing to the listing will be eligible to receive bonus shares.

Reporting by Davide Barbuscia and Saeed Azhar; Editing by Simon Cameron-Moore

Our Standards:The Thomson Reuters Trust Principles.

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