Transcripts for BBCNEWS World Business Report 20240604 10:30:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Earnings, nevertheless it is better than expected. analysts expected $30 billion so i don t think they are too unhappy with the results considering where oil prices have been. , considering where oil prices have been. , ., ., , been. it s important to remember aramco providing been. it s important to remember aramco providing a been. it s important to remember aramco providing a lot been. it s important to remember aramco providing a lot of- been. it s important to remember aramco providing a lot of money i been. it s important to remember l aramco providing a lot of money for saudi arabia as a whole and i wonder how all of this affected their finances, given we know they have big plans right now. it is finances, given we know they have big plans right now. big plans right now. it is very interesting. big plans right now. it is very interesting. just big plans right now. it is very interesting. just before - big plans right now. it is very interesting. just before the l b
Are under way in saudi arabia, spearheaded by the crown prince mohammed been arsenal man. they are building huge cities, not one but multiple. there are new islands that are coming up and they are investing are coming up and they are investing a lot of money in tourism, sports, they are building up more sites to attract tourists, so they have huge plans for the next few years as part of the economic vision for 2030. aramco needs to keeping a good dividend income so they can keep funding those projects. that is why has made this change as far as the dividend payout goes. has made this change as far as the dividend payout goes. thank you very much. to tech now and the growing impact of artificial intelligence, as apple co founder steve wozniak has told the bbc he believes ai is going to make scams and misinformation harder to spot, voicing fears the technology may be harnessed by bad actors . he s been speaking to our technology
Allegation and if anyone has any concerns to get in touch.- allegation and if anyone has any concerns to get in touch. thank you very much- now to the world s largest oil company aramco of saudi arabia. it has just released its latest profits news, posting a first quarter net profit ofjust under $32 billion. that s a lot of money made in just three months, but it is down about 19% from the previous year. sameer hashmi our middle east business correspondent has been crunching the numbers for us. it s a lot of money, how have they made it? its it s a lot of money, how have they made it? , ., it s a lot of money, how have they made it? ,., , . , made it? its oil prices. in fact this year. made it? its oil prices. in fact this year, their made it? its oil prices. in fact this year, their profits - made it? its oil prices. in fact this year, their profits have . made it? its oil prices. in fact i this year, their profits have gone down because oil prices were volatile in the fir
10,000 years. that s basically the natural way the earth regulates coatue, but it takes millions of years. and so we re speeding that up, and then there s capturing your dreams come true. this is not even the model a right this is the this is the pre model a. yeah, that s started by a couple of caltech professors who imagine floating carbon capture plants powered by the sun. the ocean does the work of removing carbon dioxide from the atmosphere. and then we removed the carbon dioxide from the ocean, and we can capture it as a pure gas stream and stored underground. among the investors is saudi oil giant aramco. and while some worry about big oil using carbon removal as a pr green screen capture told us that in order to get scaled up quickly and globally, they need to work with companies that understand large scale ocean deployment and how to handle so