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,
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.
Saudi Arabia’s state-owned oil giant reported a $106.25 billion profit in 2024, down 12% from the prior year as the lower prices now squeeze the kingdom’s development plans.
Saudi investments in Reko Diq and the Balochistan Oil Refinery represent a major leap forward in Pakistan’s economic and industrial growth
Castrol India scrips at Rs 245.85 were up 10.59 per cent at BSE and stock was among the top five gainers during the day’s trade
Aramco plans to trim the world’s biggest dividend, lowering a key source of funds for Saudi Arabia’s budget while relieving stress on its own finances.Most Read from BloombergCuts to Section 8 Housing
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