Members of media chat earlier than the beginning of a press convention by Aramco on the Plaza Convention Middle in Dhahran, Saudi Arabia November 3, 2019.
Hamad I Mohammed | Reuters
Saudi state oil producer Aramco reported on Tuesday a decline in internet revenue to $106.2 billion in 2024, down from $121.3 billion in 2023.
The corporate stated its base dividend for the fourth quarter of 2024 can be $21.1 billion, however its performance-linked payout can be simply $0.2 billion. This compares to a third-quarter base dividend of $20.3 billion and a performance-linked dividend of $10.8 billion.
Decrease oil costs hit the corporate’s internet revenue final 12 months as crude manufacturing world wide elevated and demand slowed. The worth of world benchmark Brent crude futures averaged $80 per barrel in 2024, $2 lower than the 2023 common, in line with the U.S. Power Data Administration.
Aramco’s income fell to $436.6 billion in 2024, in comparison with $440.8 billion the 12 months earlier than.
This breaking information story is being up to date.
