Saudi Aramco Faces $31 Billion Dividend Dilemma as Debt Jumps
Saudi Aramco will have a crucial decision to make early next year: Cut its $31 billion quarterly dividend and risk worsening the kingdom’s budget deficit, or keep borrowing to maintain the payout.
Saudi Aramco Profit Falls on Refining Weakness
The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.
Saudi Aramco's Quarterly Profit Drops 15% On Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins but still maintained its generous dividend at $31.1 billion for the quarter.
Saudi Aramco Q3 profit drops 15.4% amid lower oil prices
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, backing Vision 2030 and economic stability.
Saudi Aramco Keeps Huge Dividend Despite Lower Profit
Saudi Aramco reported a 15.4% decline in Q3 earnings due to lower oil prices, but maintained its $31.1 billion dividend payout to support Saudi Arabia's Vision 2030.
Saudi Aramco third-quarter profit drops 15%, holds quarterly dividend at $31 bn
Aramco posted net income of 103.37 billion riyals ($27.52 billion) in the three months to Sept. 30, beating a company-provided median estimate of $26.9 billion
Saudi Aramco Keeps World’s Biggest Dividend as Debt Jumps
Saudi Arabia’s oil giant Aramco kept up its $31 billion dividend to help feed state coffers, despite rising debt.Most Read ...
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Saudi oil giant Aramco third-quarter profits fall 15% on lower oil prices, dividend unchanged
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15% from last year as ...
Saudi Aramco Is Burning Cash – It Needs to Stop
If something cannot go on forever, it will stop. Saudi Aramco, the world’s largest oil company, isn’t an exception — despite ...
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Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier
DUBAI, United Arab Emirates (AP) — Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on ...
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Saudi Aramco underperforms in revenues but fares better in net income
According to Aramco's statement, the company's total revenues dropped by 5% to 465 billion Saudi riyals ($123.9 billion) ...
Vietnam says Saudi Aramco wants to invest in oil refining, petrol distribution
Oil giant Saudi Aramco wants to invest in the oil refinery sector and petroleum distribution in Vietnam, the Southeast Asian ...
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Wood secures engineering contract from Saudi Aramco
Energy industry consulting and engineering services provider Wood has secured an engineering services contract from Saudi ...