Saudi Aramco Q3 profit slumps 44.6% as coronavirus pandemic chokes demand

Saudi Aramco Q3 profit slumps 44.6% as coronavirus pandemic chokes demand

Saudi Aramco Q3 profit slumps 44.6% as coronavirus pandemic chokes demand

Saudi Aramco Q3 profit slumps 44.6% as coronavirus pandemic chokes demand

Aramco said it would distribute a dividend of $18.75 billion for the third quarter of this year. (AFP)

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Saudi Aramco Q3 profit slumps 44.6% as coronavirus pandemic chokes demand

Weaker refining and chemicals margins have also hit the company's net profit

Company said it would distribute a dividend of $18.75 billion for the third quarter of this year

Updated 03 November 2020

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DUBAI: Saudi Arabian state oil group Aramco on Tuesday reported a 44.6 percent drop in third-quarter net profit, in line with analysts' estimates, dented by lower crude oil prices and volumes sold as the coronavirus crisis choked demand.

Weaker refining and chemicals margins have also hit the company's net profit, which fell