Opinion
Saudi Aramco Is Burning Cash – It Needs to Stop
If something cannot go on forever, it will stop. Saudi Aramco, the world’s largest oil company, isn’t an exception — despite its $1.5 trillion-plus market value. With oil prices at $75 a barrel and production constrained by OPEC+ cuts, the state-owned company cannot afford its total dividend anymore. Lower payouts are looming.
Saudi Aramco Profit Falls on Refining Weakness
Oil giants on both sides of the Atlantic suffered from lower oil prices and weaker refining margins in the quarter.
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 low oil prices.
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.
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."
Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
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 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.
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 ...
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 ...
Saudi Aramco Keeps World’s Biggest Dividend as Debt Jumps
Saudi Arabia’s oil giant Aramco kept up its $31 billion dividend to help feed state coffers, despite rising debt.Most Read ...
Crude Oil Prices1d
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 ...
Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will ...
Yahoo Finance20h
Aramco Profits Slide 15% Amid Falling Oil Prices and Market Challenges
Saudi Arabia's major oil and gas company, Aramco(SAU:2223, Financial), posted 15% lower profits for the July-September quarter at $27.5bn due to a slump in oil prices and refining margins. This ...
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Charley Hull won the Aramco Team Series: I've been knocking on the door
What was expected has become a reality: popular British golfer Charley Hull won the Aramco Team Series in Riyadh. The ...
Reuters on MSN6d
Vietnam says Saudi Aramco wants to invest in oil refining, petrol distribution
Oil giant Saudi Aramco wants to invest in the oil refinery sector and petroleum distribution in Vietnam, the Southeast Asian ...