Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on lower energy prices

Saudi oil giant Aramco signalled on Tuesday it will slash its dividend payouts by nearly a third this year, meaning fewer funds for the kingdom as it races to complete several mammoth projects and possibly faces a wider budget deficit.

Saudi oil giant Aramco said on Tuesday it expects to declare total dividends of $85.4 billion in 2025, a near 30% drop from payouts in 2024 as it faced lower sales and higher costs.Aramco paid about $124.

Most stock markets in the Gulf ended lower on Monday as oil giant Saudi Aramco weighed on the Saudi index, while the Dubai bourse extended losses on profit-taking.

ADNOC has made its first trades via the S&P Global Platts pricing process for Dubai crude oil, an unusual move for a Middle Eastern producer that impacts regional oil pricing.

Saudi Aramcoset April official selling price (OSP) for its Arab Light crude to North America at $3.8 per barrel above the Argus Sour Crude Index (ASCI

DUBAI: Most stock markets in the Gulf ended lower on Monday as oil giant Saudi Aramco weighed on the Saudi index, while the Dubai bourse extended losses on profit-taking. Saudi Arabia’s benchmark index dropped 0.6%, pulled lower by a 1.8% fall in Saudi Aramco.