Saudi oil giant Aramco posts drop in full-year profit, slashes dividend

Saudi state oil producer Aramco reported a decline in net profit to $106.2 billion in 2024 from $121.3 billion in 2023, with total dividends for 2025 expected to be $85.4 billion, down from $124.2 billion in 2024 due to lower oil prices impacting revenue. The company’s base dividend for the fourth quarter increased to $21.1 billion, while the performance-linked payout was just $200 million, with total borrowings up to $319.3 billion in 2024 and net debt decreasing to $78 billion.

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