By Christian Moess Laursen
Saudi Arabia's national oil company first-quarter profit fell and missed analysts' forecasts due to a lower volume of crude oil sold and weaker refining and chemicals margins.
Saudi Arabian Oil Co., known as Aramco, said Tuesday that its net profit fell to $27.27 billion in the quarter from $31.88 billion a year prior.
This came in below the $27.79 billion expected by nine analysts in a poll provided by Visible Alpha.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
05-07-24 0205ET