Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend

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Its sovereign Public Investment Fund (PIF) holds another 16 per cent of Aramco and also benefits from its dividends.

Aramco posted net income of $27.6 billion in the three months to Sept.30, which still beat a company-provided median estimate of $26.9 billion.

Aramco itself, as well as the PIF and several other state-linked firms, have also raised billions in debt this year.Saudi Arabia raises $12.

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Category: BusinessFinance

Markets: IndiaSaudi Arabia

Topics: Oil export Saudi Aramco Opec

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:18:55 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 599 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23425785

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