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.
U.S. crude oil stockpiles rose more than expected last week, while gasoline and distillate inventories fell as product ...
Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes ...
Saudi Gazette on MSN1d
Saudi Aramco Chief: Initial operation of Jafurah gas field to start this yearThe Jafurah field, owned and operated Saudi Aramco, is an onshore gas development project located in the Eastern Province ...
Name of the Project Copper smelter and refinery project. Project Owner/s Vedanta Copper International, a wholly owned ...
Oil-exporting states have been under pressure from US President Donald Trump to slash prices, though analysts have said the ...
The "Enterprise Tech Ecosystem Series: Saudi Aramco 2024" report has been added to ResearchAndMarkets.com's offering.The report provides insights into company's tech activities, including its digital ...
Arabian Post on MSN2d
Saudi Arabia's $124 Billion Payout Faces Uncertainty Amid Economic PressuresDubai Saudi Arabia's ambitious $124 billion dividend payout to Aramco shareholders is facing increasing scrutiny as t ...
The Punch Newspapers on MSN3d
Dangote refinery orders Algerian crude over local shortfallRefineries in India have turned to Nigeria for the supply of crude oil following a drop in imports from Russia.
Report Ocean, a leading strategic consulting and market research firm, recently estimated that the Saudi Arabia Steel Pipes and Steel Tubes Market was valued at USD 435.90 million in 2023. The market ...
Hosted on MSN14h
Saudi economic transformation gains momentumKUWAIT: Saudi Arabia’s non-oil economic growth averaged an impressive 4.8 percent in 2021-24, driven by unprecedented government-led investment in key strategic sectors as part of the Kingdom’s Vision ...
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