Armaco’s 2019 profit falls as it prepares for IPO

Saudi Aramco is having a rough go in 2019 thanks to the nosedive in oil prices from the late 2018 highs. The Saudi Arabia state oil giant brought in almost $47 billion in profits so far this year. The rare financial disclosure from Aramco comes as it takes more steps for its initial public offering. Yahoo Finance’s Brian Sozzi and Jared Blikre discuss.