Saudi Aramco, the world’s largest oil company, reported a 44% reduction in revenues in 2020. These losses were largely caused by COVID-demand destruction and lower oil prices. Saudi Arabia’s national oil company has had a rough year, attempting to re-establish itself as the world’s most important swing producer while dealing with a disastrous oil market and rising geopolitical threats.
Despite the profit reduction, Saudi Arabia still outperformed all its independent competition, with Shell, BP, and ExxonMobil all reporting losses…The Key Takeaways From Saudi Aramco’s 2020 Report
Понравилась статья? Подпишитесь на канал, чтобы быть в курсе самых интересных материалов
Подписаться