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Giant Posts of Saudi Petroleum Aramco falls into profits throughout the year, cuts dividends


Members of the media before the start of a Press Conference from Aramco at the center of the Plaza Conference in Dhahran, Saudi Arabia, November 3, 2019.

Hamad I Mohammed | Reuters

The oil producer of the Saudi State, Aramco, reported on Tuesday a decrease in net gain to $ 106.2 billion in 2024, from low $ 121.3 billion in 2023.

The company said that its base dividend for the fourth quarter of 2024 would be $ 21.1 billion, but its payment linked to yield would be only $ 0.2 billion. This compares with a base dividend of the third quarter of $ 20.3 billion and a dividend linked to the yield of $ 10.8 billion.

The lowest oil prices reached the net gain of the company last year as the production of crude oil increased and demand was slowed. The price of Global Benchmark Brent Crude Futuro Averado $ 80 per barrel in 2024$ 2 less than the average of 2023, according to the United States Energy Information Administration.

Aramco’s revenues fell to $ 436.6 billion in 2024, compared to $ 440.8 billion the previous year.

This last -minute news is being updated.



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