How Aramco outperformed international oil companies
Aran News Saudi Arabia12 Aug, 2020News
Prima facie, the second quarter net income came in low at $6.6 billion, but Aramco still managed to generate a positive free cash flow of $6.1 billion, which is noteworthy. With this result, the company outperformed international oil companies (IOCs) by leaps and bounds, as most of them had recorded net losses in the second quarter.
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