Saudi Aramco’s Q4 profits slump but dividend payout intact

Saudi Aramco’s Q4 profits slump but dividend payout intact

Saudi Aramco has posted a 25% dip in Q4 profits owing to decline in global crude demand from Covid-19 pandemic and a brief price war with Russia. Its net profit fell to $16.64 bn for Q4, down from $16.64bn a year earlier. However despite this, company paid total dividends of $13.4bn in Q1 for payouts declared in Q4, and has lined up dividends of $18.75bn to be paid in Q2, declared in Q1.

Milan
Milan
Top in Business
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