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Media Members -before the start of the Press conference of Aramk at the Plaza Center in Dakhran, Saudi Arabia on November 3, 2019.
Hamad and Mohammed | Reuters
Pure profits in the first quarter of Saudi Aramko decreased by 5% compared to last year amid reducing oil and production prices.
Net income three months before March 31 amounted to $ 26 billion, which dropped from $ 27.3 billion for the same period last yearThe company reports. The figure was slightly higher than analysts’ expectations of $ 25.3 billion.
Aramco has announced a free cash flow per quarter at $ 19.2 billion, which decreased compared to $ 22.8 billion in the first quarter of 2024, and a $ 31.7 billion cash flow compared to $ 33.6 billion last year.
The figures signal that the tension for the balance of the Saudi State Public Giant Giant continues, since the prices for the rough do not detect signs of recovery and the global demand slows down in accordance with the pressure on trade.
Company in March announced This will reduce the payment of dividends related to the fourth quarter from 2024 to $ 200 million, compared to $ 10.2 billion in the previous quarter and repeated, which is $ 200 million in the first quarter, which will be paid in the second quarter.
However, the basic dividend increased by 4.2% in the first quarter compared to $ 21.1 billion last year.
This is conducting the news. Please update updates.
