Saudi Arabia Cuts Oil Prices for Asia
Saudi Arabia Cuts Oil Prices for Asia as OPEC+ Eases Supply Limits
Saudi Arabia Cuts Oil Prices for Asia as OPEC+ Output Inches Up
Saudi Aramco Cuts Dividend 30% as Oil Profits Plunge
Oil giant Saudi Aramco, which is majority owned by the Saudi Arabia government, has announced that it is cutting its dividend payout this year
MAIRE (MI: MAIRE) announces that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary NextChem Tech, has been awarded a three-year contract by SATORP – a joint venture between Saudi Aramco and TotalEnergies – to provide engineering and technology services related to the Sulphur Recovery Complex of SATORP's refinery in Jubail,
Aramco reported a drop in 2024 profits and announced a 30% reduction in total dividends for 2025, impacting Saudi Arabia's finances.
Saudi Aramco cut the world’s biggest dividend in a blow for Saudi Arabia’s widening budget deficit, as the company seeks to relieve the stress on its own finances. The firm expects the total payout to be about $85 billion in 2025,
Saudi Aramco’s net income for the year was $106.25bn, compared with $121bn in 2023 as energy prices fell. It said it would pay a total dividend of just over $85bn, compared with $124bn in the previous year.
Feedback