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 ...
gasworld7d
Aramco stands firm on LNG and hydrogen offtakes
Aramco and Sempra, through their respective subsidiaries, executed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for LNG offtake of 5 million tonnes per annum ...
Rigzone7d
Aramco Maintains $31.1 Billion Dividends
Aramco declared total dividends for the third quarter of $31.1 billion, maintaining this year's increased base dividend of $20.3 billion even as debt deepened and oil prices fell. Image by alberto ...
Latest report triggers Election Day rally on Wall Street; low oil prices cut Aramco's gains
The company reported the equivalent of $715 million in net income for the April-September period, as sales slipped 34 percent ...
Crude Oil Prices5d
The World's Largest Oil Producer Slips Into a Net Debt Position
The world’s largest oil producer may have just been pushed into a net debt position for the first time in two years.
Transport Topics7d
Aramco Q3 Profit Down 15% Year Over Year
DUBAI, United Arab Emirates — Saudi Arabian oil giant Aramco reported third-quarter profit of $27.5 billion on Nov. 5, down about 15% from last year as low oil prices ate into its revenue.
Morningstar7d
Energy Up After Aramco Earnings — Energy Roundup
Saudi Arabian Oil Co., the national oil company known as Aramco, posted third-quarter earnings ahead of Wall Street targets, amid what it characterized as record high oil demand. Aramco booked a ...
Wall Street Journal8d
Saudi Aramco Profit Falls on Refining Weakness
Saudi Arabia’s national oil company, Aramco, said its third-quarter profit fell on lower oil prices and weak refining margins that pushed its downstream division into a loss. The fall follows a ...
Arabian Business8d
Aramco announces huge dividend payout despite Q3 income drop
Aramco announced has its financial results for the third quarter of 2024, reporting strong results driven by solid operational performance, with a net income of SR103.4bn ($27.5bn), compared to ...
Bloomberg L.P.8d
Saudi Aramco Faces $31 Billion Dividend Dilemma as Debt Jumps
Saudi Aramco will have a crucial decision to make early next year: Cut its $31 billion quarterly dividend and risk worsening the kingdom’s budget deficit, or keep borrowing to maintain the ...
The Boston Globe7d
Aramco profits fall on tumbling oil prices
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last year as low oil prices ate into its revenues. Aramco, formally known as ...
Morningstar8d
Saudi Aramco Profit Falls on Refining Weakness — 3rd Update
Saudi Arabia's national oil company Aramco said its third-quarter profit fell as its downstream division booked a loss on weak refining margins, and that it plans to pay $31.05 billion in dividends.