Aramco debt-to-equity ratio more than doubles ...Qatar

Gulf Times - News
Aramco debt-to-equity ratio more than doubles
Saudi oil giant Aramco’s debt-to-equity ratio more than doubled to 55% in 2020 from a year before, it said in a report, after the group kept a pledge to deliver a $75bn dividend to support state coffers despite a slide in profits. Net debt rose to 605.9bn riyals ($161.6bn) last year from 270.2bn riyals in 2019, the results showed. The world’s largest oil exporter said on Sunday net profit fell 44.4% to 183.8bn riyals for the year ended December 31 as the Covid-19 pandemic depressed global crude demand. Analysts had expected a 2020 net profit of 186.1bn riyals, according to the mean estimate of analysts in Refinitiv’s Eikon. However it maintained its pledge to declare a $75bn dividend for 20

Hence then, the article about aramco debt to equity ratio more than doubles was published today ( ) and is available on Gulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Aramco debt-to-equity ratio more than doubles )

Apple Storegoogle play

Last updated :

Also on site :