Saudi Aramco boosted its 2023 dividend by 30% despite a drop in annual net profit due to lower oil prices and output cuts.
The world’s biggest oil company said profits fell 25% to $121bn (£91bn) after a record year in 2022. But the figure is still the second-highest profit ever for the Saudi state-backed company.
“The decrease mainly reflects the impact of lower crude oil prices and lower volumes sold, and weakening refining and chemicals margins,” the…
Updated 17 April 2026 April 17, 2026 21:39 Attempt to smuggle cocaine foiled at Jeddah Islamic Port...
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