Saudi Aramco reports 44.4% slump in net profit for 2020

The world's biggest oil producer, Saudi Aramco, is no longer the world's most profitable company, after net income plunged by almost half last year due to the pandemic. Net profit at the oil giant fell by 44-percent to 49-billion dollars in 2020, down from 88 billion dollars in 2019. Aramco says revenues were hit by lower crude prices and a drop in global demand, as well as weaker margins at its refining and chemicals businesses. Jameel Ahmad, director of investment strategy at fintech firm NAGA weighs in.
#SaudiAramco

[baxconteh]

They cannot considering other regional rival like Turkey, Iran, Sheria are stable not forgetting Qutar and Libya, so what they lost over the year will hardly be recovered cuz all this countries are potential competitors and no one can destabilise this countries for them in the years coming.
They need to adjust in there regional dealings for the betterment of the Arabs and Persians people. We know them as neighbour's and they have to settle their differences and respect each other more importantly. There are always reasons to issues and if time is taking alot can adjust.
Veve Ottoman 😋