Saudi Aramco's quarterly profit drops 15% on low oil prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing prices which have stayed low despite production cuts and war in the Middle East.Yet despite lower production,
Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend
Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of "lower crude oil prices and weakening refining margins," but maintained a 31.05 billion dividend. Aramco's dividend includes a base payout of $20.
Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier
Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil prices ate into its revenues.
Saudi Aramco Q3 profit drops 15.4% amid lower oil prices
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, backing Vision 2030 and economic stability.
Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins but still maintained its generous dividend at $31.1 billion for the quarter.
Saudi Aramco quarterly profit down 15 percent on low prices: statement
RIYADH, Saudi Arabia, Nov 5, 2024 (BSS/AFP) - Energy giant Saudi Aramco announced a 15 percent year-on-year drop in profits for the third quarter on Tuesday as oil prices stayed low.
Saudi Aramco Keeps Huge Dividend Despite Lower Profit
Saudi Aramco reported a 15.4% decline in Q3 earnings due to lower oil prices, but maintained its $31.1 billion dividend payout to support Saudi Arabia's Vision 2030.
Saudi Oil Giant Aramco Posts Third-Quarter Profits of $27.5 Billion
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15% from last year as low oil prices ate into its revenues. Aramco had revenues of $111.1 billion over the quarter,
Saudi Aramco Profit Falls on Refining Weakness
The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.
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Energy Giant Saudi Aramco Records 15% Profit Drop, Cites Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third ... and weakening refining margins", the firm ...