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That $15bn (£11.6bn) fall in income for Saudi Aramco in the last nine months is no real surprise.
The figures are in line with those of other major oil companies.
In the last week a sustained decline in oil prices has knocked the third quarter earnings of firms including Exxon Mobil, BP and Royal Dutch Shell.
BP’s profits alone slipped $749m in the quarter.
So the blue-chip index today is all about the fallers.
The worst performer is BP, which announced a sharp drop in profits this morning.
Its shares are down 4.01% at 491.48.
Other key fallers include:
- NMC Health, down 3.13%
- Centrica -2.1%
- Hargreaves Lansdown -2.02%
- Sainsbury -1.79%
- Unuted Utilities -1.63%
- Right Move -1.53%
- RBS -1.52%
BP's third-quarter profit has fallen sharply after the oil giant was hit by weaker oil prices, lower production and one-off charges.
Third-quarter underlying replacement cost profit, the company's definition of net income, was $2.3bn (£1.79bn), down from $3.83bn a year earlier and $2.81bn in the second quarter of 2019.
However the figure exceeded analyst forecasts of $1.73bn in a company-provided survey.
The firm had indicated earlier this month that it would take a non-cash charge of $2bn to $3bn in the quarter as it gets closer to divestments worth $10bn by the end of 2019, a year ahead of schedule.
BBC Radio 5 Live
We will be getting third quarter results from BP later this morning.
It will be one of the last set of results to be delivered under the command of group chief executive, Bob Dudley, 64, who will step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on 4 February 2020 and will retire on 31 March 2020.
Will Walker-Arnott, senior investment manager at Charles Stanley, tells BBC Radio Five Live's Wake Up to Monday: "He has got a pretty strong legacy in my eyes."
He says that Mr Dudley did a tremendous job in steering the the firm through the scandal and cost of the Deepwater Horizon spill in the Gulf of Mexico in 2010.
Shares in the oil giant BP are down 1.5% after it updated the market on its plans to sell off business worth $10bn, saying the sale of some of these businesses would require it take to a charge of between $2 to $3bn in the third quarter.
BP also said its third quarter 2019 production had been hit turnarounds in some of the highest-margin regions, and output in the Gulf of Mexico was significantly disrupted by Hurricane Barry, with facilities shut down for around 14 days.
"Taken together, these factors impacted BP's third quarter 2019 production by around 100,000 barrels of oil equivalent per day, with the overall production mix in the third quarter having a higher proportion of barrels produced from higher tax regions".