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Despite steady dividend payments, the company’s free cash flow fell 20% to $15.2 billion, insufficient to cover its $21.36 ...
Saudi Aramco has lost around $800bn of its market value since its peak in 2022, a drop of nearly 40 percent. On Tuesday, the ...
Saudi Aramco reported a decline in profit for a 10th straight quarter as lower oil prices outweighed the impact of higher ...
In its second-quarter breakdown, the Saudi Arabian Oil Company said it earned $22.7 billion in net profit. The firm also ...
Saudi Arabian oil company Aramco reported a 22 per cent drop in second-quarter profit, and the world’s top oil exporter said ...
The Manila Times on MSN21h
Saudi Aramco profit drops
DUBAI ― Saudi Arabian oil company Aramco reported a 22 percent drop in second-quarter profit on Tuesday, and the world's top oil exporter said it was cutting costs and looking to divest assets as ...
Exxon Stock Slips After Earnings. The CEO Might Have Spooked Investors. Second-quarter earnings of $1.64 a share at the oil giant top analysts' estimates. The solar energy company posted ...
Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy.
For the second quarter, Saudi Aramco registered a net profit of 22.7 billion dollars, it said, adding that the company also recorded a base dividend of 21.1 billion dollars, and a performance-linked ...
Oil prices dropped to their lowest in a week on Monday as markets digested OPEC+'s decision to implement another significant ...
Energy stocks edged higher as crude oil futures extended their losing streak to four sessions with the market focused on OPEC+ production plans and playing down the U.S. threat of sanctions against ...