Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Saudi Aramco's first-quarter profit falls to $27.27 billion, missing forecasts https://t.co/7AWfJKcQpL
Aramco will pay $31 billion in a dividend to the Saudi government and other investors despite lower profit, as the kingdom’s economy continues to struggle with a budget deficit https://t.co/JcTqdFgDJO
Aramco will pay $31 billion in a dividend to the Saudi government and other investors despite lower profit, as the kingdom’s economy continues to struggle with a budget deficit https://t.co/YluIYpxdpZ
Saudi Aramco reported a first-quarter net income of $27.27 billion, a decrease from $31.88 billion in the same quarter of 2023. This figure falls short of analysts' earlier forecasts of $27.6 billion. Despite the lower profits, Aramco announced it will distribute a $31 billion dividend to the Saudi government and other investors. The payments come at a time when the Saudi economy is grappling with a budget deficit.