Aramco’s Earnings: It May Get Worse ...Middle East

OILPRICE - Economy
Aramco’s Earnings: It May Get Worse
source : OILPRICE ( Middle East ) () 36
Three numbers encapsulate the story of Saudi Aramco since its initial public offering (IPO) in December 2019. The first is that its net income for the second quarter (Q2) of this year was US$30.1 billion. The second is that its regular quarterly dividend was US$19.5 billion. And the third is that on top of this regular dividend, it will also start paying an additional promised performance-linked dividend of US$9.9 billion in the next quarter. So, even with a Brent oil price averaging around US$80 per barrel (pb) in Q2 – an historically elevated…

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