Saudi Aramco's second-quarter profit decreases by 3% due to reduced crude oil production levels.

Saudi Aramco's second-quarter profit decreases by 3% due to reduced crude oil production levels.
Saudi Aramco's second-quarter profit decreases by 3% due to reduced crude oil production levels.

In the second quarter, Aramco, the Saudi state oil company, reported a net profit of $29.1 billion, which was 3.2% less than the same period the previous year due to low production volumes.

Aramco maintained its $20.3 billion base dividend for the second quarter and announced a $10.8 billion performance-linked dividend to be paid in the third quarter.

In the second quarter, the crude producer's output was 8.99 million barrels per day, according to a July OPEC report that relied on secondary sources.

This is a breaking news story. Please refresh for updates.

by Natasha Turak

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