FILE PHOTO: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo
DUBAI (Reuters) – Saudi Aramco, the world’s top oil producer, reported first-half net income of $46.9 billion on Monday, down from $53.02 billion a year earlier.
By comparison, Apple Inc, the world’s most profitable listed company, made $31.5 billion in the first six months of its financial year.
Aramco said total revenues including other income related to sales were at $163.88 billion in the first half of this year, down from $167.68 billion a year earlier, on lower oil prices and reduced production.
Reporting by Rania El Gamal and Saeed Azhar; Editing by Susan Fenton