Increasing production is difficult to offset the sharp drop in oil prices! Saudi Aramco's quarterly profits have dropped for ten consecutive quarters, and free cash flow is not enough to cover dividends.

According to the Zhitong Financial APP, Saudi Aramco reported that its profits have declined for the 10th consecutive quarter, as the impact of falling oil prices outweighed the benefits of increased production. According to a statement, net profit attributable to shareholders in the second quarter fell 19% year-on-year to 85.63 billion riyals (approximately $22.8 billion), below analyst expectations. Free cash flow once again failed to cover dividend payments, while debt increased slightly.