Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Saudi state oil producer Aramco reported a decline in net profit in 2024 and warned of a dividend cut. Lower oil prices hit the company's net profit last year as crude production around the world increased and demand slowed. Net profit came in at $106.2 billion for 2024, down from $121.3 billion in 2023.
Aramco plans to trim the world’s biggest dividend, lowering a key source of funds for Saudi Arabia’s budget while relieving ...
U.S. crude oil stockpiles rose more than expected last week, while gasoline and distillate inventories fell as product ...
Oil prices are under pressure as OPEC+ prepares to unwind its production cuts just as the U.S.-China trade war gets underway.
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OPEC+ Finally Grasps the NettleOPEC+ finally grasps the nettle and is finally raising output quotas for a subset of participants. It has been a long time ...
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