Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Saudi state oil producer Aramco reported a decline in net profit in 2024 and warned of a dividend cut. Lower oil prices hit the company's net profit last year as crude production around the world increased and demand slowed. Net profit came in at $106.2 billion for 2024, down from $121.3 billion in 2023.
Aramco plans to trim the world’s biggest dividend, lowering a key source of funds for Saudi Arabia’s budget while relieving ...
U.S. crude oil stockpiles rose more than expected last week, while gasoline and distillate inventories fell as product ...
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