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Saudi oil giant Aramco reported a 25% decrease in full-year profit, with profits falling to $121 billion from a record high in 2022. Despite the drop, Aramco paid nearly $100 billion in dividends and raised its 2023 dividend to $98 billion. The company seeks to invest in China to boost profits and address lower energy prices.
Is Saudi Aramco cooling on crude oil?: Don’t bet on it https://t.co/ybkHbHko62
Saudi Aramco Hikes 2023 Dividend To $98 Billion Despite Lower Profit https://t.co/mwj6vs8DrW
Saudi Aramco turns to China for future oil demand as profits fall 25%, @jackvdutton reports https://t.co/oEKoX5mAfn






