Saudi Aramco Profit Falls on Refining Weakness
The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.
Saudi Aramco Q3 profit drops 15.4% amid lower oil prices
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, backing Vision 2030 and economic stability.
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 prices ate into its revenues
Saudi Aramco third-quarter profit drops 15%
Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins but still maintained its generous dividend at $31.1 billion for the quarter.
Saudi oil giant Aramco third-quarter profits fall 15% on lower oil prices, dividend unchanged
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15% from last year as low oil prices ate into its revenues.
Saudi Aramco's quarterly profit drops 15% on low oil prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing prices which have stayed low despite production cuts and war in the Middle
Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend
Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend. This is a breaking news story.
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Saudi Arabia's non-oil business activity hits strongest level in six months
Business activity in the non-oil private sectors of the UAE and Saudi Arabia continued to strengthen in October, with the ...
OPEC extends oil output cuts through the end of December
Saudi Arabia and allied oil producing countries said on Sunday they would postpone a plan to gradually increase oil ...
With Oil Prices Weak, OPEC Plus Postpones Increases Again
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OPEC+ announces surprise oil cuts; U.S. calls move inadvisable
“The step is unreservedly bullish.” Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd. The Saudi energy ministry said the kingdom’s voluntary reduction was a ...
OPEC+ in a pickle: should the cartel increase oil output?
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output ...
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OPEC extends its oil output cuts by one month until the end of December
Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year.
Saudi Arabia may cut December oil prices for Asia, sources say
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in ...
OPEC extends oil output cuts
The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...
OPEC’s Oil Output Recovers After Libya Resolves Political Crisis
OPEC’s oil production rose last month as Libya restored output that was halted during a brief political crisis.
Saudi energy minister commits to crude capacity levels and climate targets
Saudi Arabia is "committed" to maintaining crude capacity at 12.3 million barrels per day, Energy Minister Prince Abulaziz ...
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Aramco and ADNOC Look To Seize More Market Share in Asia
Saudi oil giant Aramco and Abu Dhabi’s ADNOC plan to expand their downstream businesses, especially in Asia, to lock in ...