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Saudi Aramco Announces Nearly $100 Billion in Dividends, Despite Decrease in Profits

Financial Times LogoFinancial Times1 mo ago

Saudi Aramco Announces Nearly $100 Billion in Dividends, Despite Decrease in Profits - Financial Times

Quick Summary:

The energy group said net income in the final three months of the year was in line with the average analyst estimates of $26.7bn.

Last month it dropped a multibillion-dollar investment programme to increase its maximum production capacity further to 13mn b/d by 2027.

Free cash flow from operations was $101bn, compared with $148.5bn in 2022 and $107.5bn in 2021.

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Article Details

Author / Journalist: Tom Wilson

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-10 @ 07:50:33 (1 months ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 382 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20365435

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 2 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 16 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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