Saudi Aramco Slashes Dividend as Profit Dips on Lower Oil Prices
Tuesday, 4 March 2025 () Saudi oil giant Aramco on Tuesday reported a drop in 2024 profits and guided for a 30% lower total dividend for this year, which would further strain the finances of the Kingdom of Saudi Arabia. Aramco, the world’s single biggest crude producer and exporter, booked a net profit of $106.2 billion for 2024, down from $121.3 billion for 2023 as average oil prices fell last year compared to 2023 levels and as Saudi Arabia continues to curb production as part of the OPEC+ agreement. For the fourth quarter, Aramco’s board declared a base…
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The News Saudi Arabia’s state oil giant reported a decline in profit and slashed its dividend, hitting a key source of income for the kingdom as it looks to... Upworthy
DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior... Upworthy
Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on lower energy prices Upworthy
Tuesday, 4 March 2025 ()
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