Saudi Aramco Slashes Dividend as Profit Dips on Lower Oil Prices ...Middle East

OILPRICE - Economy
Saudi Aramco Slashes Dividend as Profit Dips on Lower Oil Prices
source : OILPRICE ( Middle East ) () 54
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…

Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi Aramco Slashes Dividend as Profit Dips on Lower Oil Prices )

Apple Storegoogle play

Also on site :

Most viewed in Economy
Chicago Fire FC Reveals Details For Privately Funded Stadium
PR Newswire - before 9 hours & 26 minute
The All-in-One AI Tutoring Platform Designed for Kids and Affordable for Every Family - Think Academy Launches TalPad T100 Tablet
PR Newswire - before 6 hours & 49 minute
Lightspeed Commerce Announces Settlement Agreement for Quebec Class Action
PR Newswire - before 8 hours & 53 minute
Gen-Z adults with a fitness regime ‘more likely to have a financial plan’
INDEPENDENT - before 10 hours & minute
WOOD MACKENZIE NAMES BOVIET SOLAR IN TOP 10 OF 2024 GLOBAL PV MODULE MANUFACTURER RANKINGS
PR Newswire - before 9 hours & 58 minute
National Press Club: Media Tour on Attacks Against Journalists Covering US Protests
PR Newswire - before 11 hour & 6 minute
Senate overhauls Trump’s tax bill, setting up brawl with the House
Washington Post - before 11 hour & 8 minute
Industry-First! SpiroxLTS Reveals the True Quality of TGV Laser-Modified Vias Accelerating TGV Mass Production
PR Newswire - before 4 hours & 2 minute
Tankers Reportedly Ablaze Near Strait of Hormuz
OILPRICE - before 3 hours & 6 minute
SuperAI Singapore 2025 Sells Out: Asia's Largest AI Event Brings Together 7,000 Global Innovators
PR Newswire - before 6 hours & 19 minute
Carney Faces Crisis as Alberta Oil Anger Boils Over
OILPRICE - before 11 hour & 19 minute
AVATAi Launches Enterprise-Ready 3D Avatar Cloud Platform at SuperAI Singapore 2025
PR Newswire - before 10 hours & 30 minute


Latest News

Shipping groups are starting to shy away from the Strait of Hormuz as Israel-Iran conflict rages on

before 16 minute

Fed’s ‘Wait and See’ Approach Is Intact as New Risks Cloud Economic Outlook

before 17 minute

Braviant Holdings Secures SOC 2 Certification to Strengthen Focus on Next Generation Lending

before 20 minute

B2BROKER Unleashes Perpetual Futures on B2TRADER

before 51 minute

VivoPower avance 308 millions de dollars US pour la scission directe de Caret Digital au NASDAQ

before hour & 8 minute

Discover ZW3D 2026: Turn Every Day into a Leap towards Creative Innovation

before hour & 38 minute

Africa: All of Africa Today - June 17, 2025

before hour & 44 minute

VOX Solutions Appointed Exclusive Gateway for International A2P SMS and Voice Traffic into Claro Ecuador

before hour & 56 minute

Mitsubishi Eyes $8 Billion Shale Gas Acquisition

before 2 hours & 8 minute

Arcontech Excelerator. A performant, stress-free alternative to migrating to LSEG Workspace Excel Add-in

before 2 hours & 15 minute

Oil Prices Flat As Uncertainty Drives the Market

before 2 hours & 29 minute

Volvo Group and Daimler Truck launch Coretura - a Joint Venture to unlock the digital future of commercial vehicles

before 2 hours & 34 minute

South Africa: 12 Killed in a Bus Accident Near Vryheid - South African News Briefs - June 17, 2025

before 2 hours & 59 minute

Tankers Reportedly Ablaze Near Strait of Hormuz

before 3 hours & 6 minute

Aduna collaborates with Microsoft to expand global reach and intelligence of network APIs

before 3 hours & 14 minute