Saudi oil big Aramco posts drop in full-year revenue, slashes dividend


Members of media chat earlier than the beginning of a press convention by Aramco on the Plaza Convention Heart in Dhahran, Saudi Arabia November 3, 2019. 

Hamad I Mohammed | Reuters

Saudi state oil producer Aramco reported on Tuesday a decline in internet revenue to $106.2 billion in 2024, down from $121.3 billion in 2023.

The corporate mentioned its base dividend for the fourth quarter of 2024 can be $21.1 billion, however its performance-linked payout can be simply $0.2 billion. This compares to a third-quarter base dividend of $20.3 billion and a performance-linked dividend of $10.8 billion.

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