A sharp fall in its net profit, slipping 25 in 2023 compared to the previous year. Aramco attributed the downturn to Lower Crude Oil prices and decreased production. The companys net income dropped from 161 billion in 2022 to 121 billion last year. Despite the challenges posed by declining oil prices, aramco will increase its dividend payments, providing a much needed financial boost to saudi arabia. Lets get more now from our middle east Business Correspondent sameer hashmi. With a big fall off in profit, why is it increasing its dividend . It its dividend . Is a steep fall compared to 2022. It is a steep fall compared to 2022. It is still the second best performance in terms of annual results at 121 billion. Two reasons why they increased the dividend pay out. Number one, Aramco Abbott is the main driver of the Saudi Arabian economy. Saudi owned entities own 19 of it and they rely heavily on that income to really find some these massive projects inside arabia. They tried to keep the
eye. she got everyone s eye. she didn t come home that night. there was blood everywhere. there was blood splatter all over the inside of the car. it was very frenzied attack. the theories were just awful. drug rings, prostitute rings. and the entire town was going crazy. i thought eventually, enough people were gonna come across a suspect. it was fascinating how they went about the investigation. we got a call, we ve got three brothers. we think one of them is the color. that they didn t know which one. so, you ve got a live one? we ve got live one here. what do you think at that moment? we re ecstatic. we re ready to go. he was sitting at a booth right by the window. . there. you are the next ? it s hard to enjoy your food when you think you re staring at that killer. hello and welcome to dateline . teenager michelle martinko was blessed with beauty, brings and compassion. but her promising future was cut short when she was savagely murdered
for electric vehicles. that s any minute now. we ll bring it to you live. the president also putting gas prices front and center today, announcing new plans to try to tackle high prices at the pump. how he s responding to criticism that the move is purely political, with election day now less than three weeks away. and we re on subpoena watch. the january 6th select committee set to formally issue one to former president trump soon, but how soon? we ll talk to a member of the economy, congresswoman zoe lofgren who joins us later in the hour. good morning, i m garrett haake back from paternity leave and we speak with the new york times times political analyst and vaughn hillyard is in tucson arizona, dasha burns is with us, and national political reporter natalie allison rounds out the opening crew here. peter, we just heard from the president about this new plan that tries to tackle high prices at the pump, and he s answering direct questions on whether or not the move
people were gonna come across a suspect. it was fascinating how they went about the investigation. we got a call, we ve got three brothers. we think one of them is the color. that they didn t know which one. so, you ve got a live one? we ve got live one here. what do you think at that moment? we re ecstatic. we re ready to go. he was sitting at a booth right by the window. there you are the next ? it s hard to enjoy your food when you think you re staring at that killer. hello and welcome to dateline . teenager michelle martinko was blessed with beauty, brings and compassion. but her promising future was cut short when she was savagely murdered. that dreadful night was ice cold, and after four decades, so was her case. then, a stunning scientific breakthrough helped detectives whittled down a list of suspects to unmask a killer hiding in plain sight. here s dennis murphy with and then there were three . it was an act of unspeakable violence. it w
yesterday s scathing report on inflation as well. dana: that number coming in much hotter than predicted. data suggesting the president s inflation problem is here to stay. the markets reacted accordingly. bill: the dow plunged almost 1300 points, the worst day since nearly the height of the pandemic in june of 2020. the sell-off fueling predictions of an even larger federal rate increase. dana: the rate hikes designed to drive down the inflation hurting your wallet. americans are paying more for everything this year, food is up more than 11%, that s the largest increase in 43 years. bill: wages are rising but can t keep up with inflation. that s leading to a 3% pay cut across the board. dana: despite all of that, president biden chose yesterday, of all days, to celebrate the so-called inflation reduction act. democrats touted the benefits of the $430 billion bill while brushing off the bloodbath on wall street. the stock market doesn t reflect the state of the ec