the state-owned Saudi Arabian Oil Company (also known as Saudi Aramco) is without question the world's largest producer of crude oil. In the years immediately preceding and following the Persian Gulf crisis, the company worked to broaden its operations from the wellhead to include refining, mark...
The Dhahran-based firm is having to slash some spending as it looks to pay shareholders a $75 billion dividend this year, despite coronavirus lockdowns causing the price of oil to crash. The company also wants to keep spending reined in while its gearing ratio, debt as a portion of equit...
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Oil companies are under pressure from their owners (shareholders) to replace the oil which they have produced. This maintains the value of their assets - their proved reserves in both financial and volumetric terms. Some publicly listed companies would also be under some additional pressure from th...
Oil giant Saudi Aramco commits to increased capital expenditure to meet demand growth after reporting a doubling in net income to $110bn in 2021 The Saudi Arabian Oil Company (Aramco) plans to assign $40-50bn to capital expenditure this year to meet demand growth after it reported net income...
Despite the 44% drop in net income, Aramco said it would stick to its promise of paying quarterly dividends of $18.75 billion — $75 billion a year — due to commitments the company made to shareholders in the run-up to its initial public offering. Nearly all of the dividend money goes...
DUBAI -- Saudi oil giant Aramco may cut its dividend to the Saudi government, but is likely to maintain payouts to minority shareholders as a plunge in crude prices shrinks first-quarter profits, analysts said. Saudi Arabian Oil Co., as the company is formally known, pledged an annual divide...
Despite the sharp drop in oil revenue, Aramco said it would stick to its promise of paying quarterly dividends of $18.75 billion — $75 billion a year — due to commitments the company made to shareholders in the run-up to its initial public offering. Nearly all of the dividend money goes...
Despite a 45% drop in profits, multinational petroleum and natural gas company Saudi Aramco has managed to maintain its dividend and pay shareholders a huge US$18.75 billion in the third-quarter of 2020. The Dhahran-based firm is one of the biggest revenue earners in the wor...
US and European peers such as Chevron Corp. and Shell Plc also reported blowout earnings and are returning billions of dollars to shareholders through larger dividends and buybacks. Aramco, until now, has instead focused on using its extra cash to increase output. ...