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| Saudi Aramco's profit drops by 3.4% |
| Recently, the financial report data released by Saudi Aramco showed that the company’s profit decreased by 3.4% in the second quarter of this year. The company stated that the decline in profits is mainly due to the decrease in crude oil production and the deterioration of refining profit margins. The net profit for the quarter was 109.01 billion riyals ($29.1 billion), exceeding the company’s median market estimate of $27.7 billion. The company paid a dividend of $31.1 billion that quarter. Among them, the dividend linked to performance is 10.8 billion US dollars. It is expected that the total dividend this year will reach 124.2 billion US dollars. This is almost the same level as the previously predicted $124.3 billion. Saudi Aramco’s capital expenditures in the second quarter reached $12.1 billion, a year-on-year increase of approximately 14%. In order to maintain a daily crude oil production capacity of 12 million barrels, the company has increased investment and expanded its natural gas business. Saudi Aramco stated, "We remain confident in our forecast for medium to long-term demand growth and will continue to execute our growth strategy. |
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| Release time: 2024-08-15 Click: 88 |
Company Name: Tianjin Shengfan Technology Corporation
Mobile Phone: 86-16600237486
Email: chris@dyessf.com
Website: www.dyessf.com
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