Members of media talks before the start of the Aramco press conference at Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.
Hamad and Mohammed Reuters
On Tuesday, Saudi State Aramco producer informed a decrease in net profit to USD 106.2 billion in 2024, with USD 121.3 billion in 2023.
The company said that its basic dividend for the fourth quarter of 2024 would amounted to $ 21.1 billion, but its payment associated with the efficiency would be only $ 0.2 billion. Compared to the base dividend in the third quarter of $ 20.3 billion and a dividend associated with a performance of $ 10.8 billion.
Last year, lower oil prices have reached the company's net profit with the increase in oil production around the world, and the demand slowed down. Price of global Brent Crude Futures reference point USD 80 per barrel in 20242 USD less than the 2023 average, according to the American Energy Information Administration.
Aramco revenues dropped to USD 436.6 billion in 2024, compared to USD 440.8 billion a year earlier.
This Breaking News is updated.