Saudi Aramco's Q2 net income decreased 3.4% to $29.07bn due to lower crude output and weaker refining margins.
Saudi Aramco's Q2 net income decreased 3.4% to $29.07bn as lower crude output and weaker refining margins offset higher oil prices. Aramco continues to pay industry-leading dividends, declaring $31.1bn in dividends for the second quarter, including a performance-linked dividend of $10.8bn. Despite the decline, production remains at around 9 million barrels per day, well below its 12 million bpd capacity.
August 06, 2024
75 Articles