Tag #Oil

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cnbc.com

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Nov 5, 13:17

Aramco Q3 Profit Down, Dividend Maintained

Saudi Aramco's Q3 2024 net profit fell 15.4% to $27.56 billion due to lower oil prices and refining margins, but the company maintained its $31.05 billion dividend.

Aramco Q3 Profit Down, Dividend Maintained

Saudi Aramco's Q3 2024 net profit fell 15.4% to $27.56 billion due to lower oil prices and refining margins, but the company maintained its $31.05 billion dividend.

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Who are the main beneficiaries of Aramco's dividend?

The Saudi government and the Public Investment Fund, holding major stakes in Aramco, are the primary beneficiaries of the dividend.

abcnews.go.com

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Nov 5, 13:18

Aramco Profits Drop Amidst Lower Oil Prices

Aramco reports lower third-quarter profits due to decreased oil prices, impacting Saudi Arabia's economic plans and drawing climate change concerns.

Aramco Profits Drop Amidst Lower Oil Prices

Aramco reports lower third-quarter profits due to decreased oil prices, impacting Saudi Arabia's economic plans and drawing climate change concerns.

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What is the significance of Aramco's ownership structure?

While a small portion of Aramco trades publicly, most is held by the Saudi Arabian government. This makes Aramco a crucial source of revenue and wealth for the kingdom.

Showing 121 to 122 of 122 results