Saudi Aramco reports net income of $ 46.9 billion in the first half of 2019

Saudi Petroleum Company “Aramco” reported a net income of 46.9 billion dollars in the first half of 2019. The company highlighted in a statement on the Saudi Press Agency that in the same period of last year, the net profit was 53 billion dollars.

 Commenting on the results, Saudi Aramco President & CEO Amin Nasser, said: “Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow underpinned by our consistent operational performance, cost management and fiscal discipline.”

 He said that the company demonstrated reliability with all customers’ requirements for oil and refined products, maintaining total hydrocarbon production of 13.2 million barrels of oil equivalent per day and an average daily crude production of 10 million barrels per day.