Saudi Aramco has reported its tenth consecutive quarterly profit decline, with Q2 earnings down 22% year-on-year to $22 billion.
Saudi Crown Prince Mohammad Bin Salman (MBS) is monitoring this trend closely, balancing short-term revenue pressures with long-term diversification goals.
This note explores MBS’ response to Aramco’s profit slump, including:
- MBS’ assessment of cyclic and structural drivers
- Pressure on megaprojects and foreign investment flows
- Discussions with Aramco CEO on asset monetization
- Potential Vision 2030 recalibration
