Aramcos Dividend Dilemma: Balancing Payouts and Debt

Saudi Aramco, the world’s largest oil company, faces a financial challenge. The oil giant reported a 15.4% drop in third-quarter profits for 2024. Net income fell to $27.6 billion from $32.6 billion last year. Lower crude oil prices and weaker refining margins caused this decline. Despite falling profits, Aramco maintained its $31.1 billion quarterly dividend. […]

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