Aramco's revenues are declining by the end of last year . Saudi Aramco announces annual net income for the past year Net income reached USD 106.2 billion in 2024 It is 12% less than net income for 2023 . The company stated that the decline in profits was due to a decrease in revenue In addition to the decrease in other income related to sales and the increase in operating expenses . Aramco also reported a 5.4% decrease in operating cash flow .
