The profit, down from $161.1 billion in 2022, was still the company s second-highest on record, Aramco said on Sunday as it reported total dividends for the year of $97.8 billion, up 30%. Oil revenues made up 62% of total state revenues last year.
Saudi Arabia s state-owned
oil giant Aramco boosted its dividend despite net
profit falling 24.7% to $121.3 billion in 2023 on lower oil
prices and volumes, showing the state s continued reliance.
DUBAI -Saudi Arabia s state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices and volumes, showing the state s continued. -March 10, 2024 at 02:22 pm EDT
- MarketScreener
By Yousef Saba and Maha El Dahan DUBAI (Reuters) -Saudi Arabia s state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to .
Aramco Hikes Dividend 30% to $98 Billion Despite Drop in Profit usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.