Saudi Oil Giant Aramco Reports $106 Billion Profit in 2024

Saudi oil giant Aramco reports $106 billion profit in 2024, down 12% on lower energy prices
Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now squeeze the kingdom's multi-trillion-dollar development plans.
Saudi Aramco Sees 12% Drop in Profit to $106 Billion amid Lower Energy Prices
Saudi Aramco reported a net profit of $106.25 billion in 2024, a 12% decline from the previous year, as lower energy prices weighed on earnings.
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.
Low energy prices sting Aramco profits and squeeze Saudi development plans
Benchmark Brent crude traded Tuesday at around $70 a barrel ... The Saudi government owns the vast majority of the firm’s shares. Saudi Aramco publicly listed a sliver of its worth back in ...
Aramco cuts dividend after reduction in oil prices sees profits take a 12% dip
Saudi Arabia's state-owned oil giant Aramco reported a $106.25bn profit in 2024, down 12% from the prior year as lower energy prices now squeeze the kingdom's multi-trillion-dollar development plans
Alert: Saudi Arabian oil giant Aramco reports a $106.25 billion profit in 2024, down 12% from prior year on lower energy prices
Saudi Arabian oil giant Aramco reports a $106.25 billion profit in 2024, down 12% from prior year on lower energy prices. Got a question? Put a reporter on it. Ever think of a question that you wish someone would answer?
Saudi Arabia’s state-owned oil company reports 12% drop in profits
Aramco, Saudi Arabia’s state-owned oil company, reported a 12% drop in net profit for 2024 on Tuesday. After earning $121.3 billion in 2023, Aramco earned $106.3 billion in 2024, resulting in a lower payout for the kingdom,
Aramco Trims World’s Biggest Payout in Blow to Saudi Budget
Aramco plans to trim the world’s biggest dividend, lowering a key source of funds for Saudi Arabia’s budget while relieving ...
US crude stockpiles rise, fuel draws down amid refinery maintenance, EIA says
U.S. crude oil stockpiles rose more than expected last week, while gasoline and distillate inventories fell as product ...
OilPrice.com2d
Threat of Rising Supply and Demand Destruction Puts Oil Prices Under Pressure
Oil prices are under pressure as OPEC+ prepares to unwind its production cuts just as the U.S.-China trade war gets underway.
The National Interest on MSN1d
OPEC+ Finally Grasps the Nettle
OPEC+ finally grasps the nettle and is finally raising output quotas for a subset of participants. It has been a long time ...