Saudi Arabian oil giant Aramco reported a third-quarter profit of $27.5 billion Tuesday, down about 15% from last year as low oil prices ate into its revenues.

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Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.

Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, ...

The profit decrease ‘was mainly due to the impact of lower crude oil prices and weakening refining margins’, Aramco said.