Saudi Oil Giant Aramco Reports $106 Billion Profit in 2024

Saudi Aramco Sees 12% Drop in Profit to $106 Billion amid Lower Energy Prices
Saudi Aramco reported a net profit of $106.25 billion in 2024, a 12% decline from the previous year, as lower energy prices weighed on earnings.
Low energy prices sting Aramco profits and squeeze the Saudi kingdom’s development plans
Saudi Arabia’s state-owned oil giant reported a $106.25 billion profit in 2024, down 12% from the prior year as the lower prices now squeeze the kingdom’s development plans.
Saudi oil giant Aramco reports $106 billion profit in 2024, down 12% on lower energy prices
Benchmark Brent crude is at $73 — down 10% this year ... The Saudi government owns the vast majority of the firm’s shares. Saudi Aramco publicly listed a sliver of its worth back in late ...
Saudi Aramco Shares Dip As Crude Oil Prices Stagnate
This comes at a time that coincides with the fall of crude oil prices. The price of crude oil that surged, touching the USD 80 per barrel mark, barely a month ago, has now depleted, and has stagnated around USD 75 per barrel.
Aramco cuts dividend after reduction in oil prices sees profits take a 12% dip
Saudi Arabia's state-owned oil giant Aramco reported a $106.25bn profit in 2024, down 12% from the prior year as lower energy prices now squeeze the kingdom's multi-trillion-dollar development plans
Low energy prices sting Aramco profits and squeeze Saudi development plans
Benchmark Brent crude traded Tuesday at around $70 a barrel ... The Saudi government owns the vast majority of the firm’s shares. Saudi Aramco publicly listed a sliver of its worth back in ...
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. Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024,
Alert: Saudi Arabian oil giant Aramco reports a $106.25 billion profit in 2024, down 12% from prior year on lower energy prices
Saudi Arabian oil giant Aramco reports a $106.25 billion profit in 2024, down 12% from prior year on lower energy prices. Got a question? Put a reporter on it. Ever think of a question that you wish someone would answer?
Saudi Arabia’s state-owned oil company reports 12% drop in profits
Aramco, Saudi Arabia’s state-owned oil company, reported a 12% drop in net profit for 2024 on Tuesday. After earning $121.3 billion in 2023, Aramco earned $106.3 billion in 2024, resulting in a lower payout for the kingdom,
EconoTimes1d
Saudi Arabia Cuts Oil Prices for Asia as OPEC+ Eases Supply Limits
Saudi Arabia has lowered oil prices for its key Asian market as OPEC+ starts to ease production cuts. State-owned Saudi ...
Global Finance Magazine1d
Aramco’s Dividend Strategy Reflects Shifting Energy Priorities
Saudi Arabian Oil, better known as Aramco, is recalibrating its dividend strategy as it navigates weaker oil prices and rising capital investment demands. The world’s largest oil and gas producer ...
Argaam1d
Saudi Aramco sets Arab Crude OSP for April
Saudi Aramcoset April official selling price (OSP) for its Arab Light crude to North America at $3.8 per barrel above the ...
The Bolton News4d
Saudi oil giant Aramco reports £83 billion profit in 2024
Saudi Arabia’s state-owned oil giant Aramco has reported a 106.25 billion ... the past year as oil prices have dropped. Benchmark Brent crude is at 73 dollars — down 10% this year.
Aramco Trims World’s Biggest Payout in Blow to Saudi Budget
Aramco plans to trim the world’s biggest dividend, lowering a key source of funds for Saudi Arabia’s budget while relieving ...