Saudi Aramco CEO says early signs of recovery seen in Q3 2020, integration with SABIC on track

03/11/2020 Argaam

Amin Nasser, Saudi Aramco President & CEO said that early signs of a recovery were witnessed in the third quarter of 2020 due to improved economic activity, despite the headwinds facing global energy markets.

 

“Aramco’s integration with SABIC is proceeding as planned,” Nasser added, while commenting on the company’s Q3 2020 financial results.

 

Moreover, the world’s top oil exporter will continue to adopt a disciplined and flexible approach to capital allocation in the face of market volatility.

 

In Q3 2020, Saudi Aramco reported a drop of 45% year-on-year in net profit after Zakat and tax to SAR 44.2 billion, Argaam reported today.

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