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Saudi Aramco aims to buy Reliance stake, reports lower earnings

Credit: Reuters- Published on August 12, 2019
Saudi Aramco is planning a blockbuster investment in Reliance Industries , the Indian conglomerate said on Monday, as the Saudi energy giant diversifies its business, where weaker oil prices cut its first-half profit by 12%. In preparation for what could be the world's largest initial public offering (IPO), state-run Aramco began...
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Credit: Rumble
Published on August 12, 2019 -  01:46
Saudi Aramco still world's most profitable company despite oil price hit
Top oil producer Saudi Aramco maintained its position as the world’s most profitable company on Monday even as it reported a 12% drop in first-half net income to $46.9 billion (Β£38.9 billion) due to lower oil prices. Francis Maguire reports.

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