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Saudi Aramco's first-half net income falls 12% to $47 billion

By comparison, Apple Inc, the world's most profitable listed company, made $31.5 billion in the first six months of its financial year

Saudi Aramco's first-half net income falls 12% to $47 billion

Aramco said total revenues including other income related to sales were at $163.88 billion in the first half of this year. (photo: 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.

Also read: Reliance to sell 20% stake in oil-to-chemicals arm to Saudi Aramco; deal to fetch around $15 billion

Also read: Saudi Aramco was world's most profitable company in 2018: report

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