Published: 2024-05-07 15:46
Photo by Fayez Nureldine (AFP / Scanpix).
The Saudi oil company Saudi Aramco will pay 31 billion in the first quarter of the year. USD in dividends, despite the fact that the profit was lower at the beginning of the year.
The world’s largest oil company’s profit in the first quarter decreased by 14% compared to the same period last year. This leads to lower oil prices and lower production.
In the first year, four companies earned 27.3 billion. USD compared to USD 31.9 billion. USD per year.
Free cash flow reached 22.8 billion. USD compared to USD 30.9 billion. USD last year, and the cash flow to ongoing activities reached 33.6 billion. USD compared to USD 39.6 billion USD.
This did not prevent the company from approving 31 billion USD dividend in the first quarter of the year, which will be paid to the Saudi Arabian state and other shareholders.
this year, it plans to pay a total of 124.3 billion in dividends. USD. It also intends to invest heavily in food and natural gas.
We continue to execute on our long-term strategy and made strong progress in the first quarter by expanding our natural gas business and growing a globally integrated refining value chain, without straying from our goal of continuously creating value for our shareholders, said Amin Nasser, President of Saudi Aramco.
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