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Saudi oil giant Aramco posts drop in full-year profit, slashes dividend


Media chat members before the start of a picture of a picture from Aramco to the Plaza Center in Dhahran, Saudi Arabia 3 November 2019.

Hamad i mohammed | Reuders

Saudi’s oil status status status the Tuesday a decay in the net profit at $ 106.2 billion in 2024, go down from $ 121,3 billion in 2023. I am

The company said that looks total dividends for 2025 of $ 85,4 billion – a significant fall of the $ 124,2 billion.

This comes as size its total payment for the fourth quarter. The giant oil said that his basic dividend for the last three months of the year will be increased to $ 21.1 billion, but their payment related to the performance only $ 200 million. This compare to a dividend of the third divide of $ 20.3 billion and a divide of $ 10.8 billion.

The lowest oil prices inces the company’s net profit last year past its production rod in the increased world and the restraint. The price of the Global Global Global is future $ 80 per cane in 2024$ 2 less than 2023 average, according to the US energy information administration.

Aramco entrance is falling $ 436,6 billion in 2024, compared to $ 440.8 Billion Year first.

This news story has been updated.



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