Tag: Aramco

Aramco
Oil and Gas

Saudi Aramco records 15% profit drops in 2024 Q3 

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. The fall in net income to $27.56 billion this year from $32.58 billion in 2023 “was mainly due to the impact of lower crude oil prices and weakening refining margins”, the firm said in a […]

Aramco
Business

Saudi Aramco’s to pay shareholders $20bn Q2 dividend

Saudi Aramco’s to pay shareholders $20bn Q2 dividendAramco’s dividend payment is the highest of any publicly traded firm, with nearly all of it going to the Saudi government. According to BusinessDay, Saudi Aramco, the majority-owned state-owned enterprise in Saudi Arabia, will pay shareholders $19.5 billion in dividends in the second quarter of 2023. This sum is […]

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