Saudi Aramco profits down 12.39 per cent in 2024: statement

Saudi Aramco's net profits dropped 12.39 percent to $106.25 billion in 2024, the world's biggest oil exporter said on Tuesday, following a year of lower prices and output cuts.

Profits fell on lower revenues "primarily attributable to lower prices and volumes sold of crude oil, as well as lower refined and chemical product prices", a statement said.