Saudi Oil Giant Aramco Reports $106 Billion Profit in 2024

Saudi oil giant Aramco reports $106 billion profit in 2024, down 12% on lower energy prices
Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now squeeze the kingdom's multi-trillion-dollar development plans.
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.
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. Lower oil prices hit the company's net profit last year as crude production around the world increased and demand slowed. Net profit came in at $106.2 billion for 2024, down from $121.3 billion in 2023.
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 ...
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
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,
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Aramco plans to trim the world’s biggest dividend, lowering a key source of funds for Saudi Arabia’s budget while relieving ...
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