Saudi oil giant Aramco reports $30B in profits, down nearly 40% from last year due to lower prices

DUBAI, United Arab Emirates (AP) — Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices.

Total sales stood at just over $106 billion, down from $150 billion in the second quarter of 2022. In an earnings report…