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Saudi state oil producer AramcoCNBC
•Business
Business & Economics
79% Informative
Saudi state oil producer Aramco reported decline in net profit to $106.2 billion in 2024 , down from $121.3 billion in 2023 .
Lower oil prices hit the company's net profit last year as crude production around the world increased and demand slowed.
Aramco 's revenue fell to $436.6 billion , compared to $440.8 billion the year before .
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