Saudi Arabian Oil Co

2222: XSAU (SAU)
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Saudi Aramco Earnings: Reduced Capital Expenditure Outlook Eases Balance Sheet Pressure

Saudi Aramco reported third-quarter net income of $27 billion, down 2.3% year over year, as lower oil prices more than offset growth in hydrocarbon production and a strong downstream performance. The company narrowed its capital spending guidance and is on track to meet its full-year payout targets.

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