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

Members of Media Chat Before The Start of a Press Conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.

Hamad I Mohammed | Reuters

Saudi State Oil Producer Aramco Reported on Tuesday A Decline in Net Profit to $ 106.2 Billion in 2024, down from $ 121.3 billion in 2023,

The company said its base dividend for the fourth questioner of 2024 would be $ 21.1 billion, but its performance-Linked payout would be just $ 0.2 billion. This compares to a third -Quarter base dividend of $ 20.3 billion and a performance-linked dividend of $ 10.8 billion.

This breaking news story is being updated.

(Tagstotranslate) Energy

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