Saudi Aramco Quarterly Profit Down 15 Percent On Low Prices

Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins but still maintained its generous dividend at $31.1 billion for the quarter.
Saudi Aramco Q3 profit drops 15.4% amid lower oil prices
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, backing Vision 2030 and economic stability.
Saudi Arabia posts $8bn Q3 deficit as lower oil prices weigh
Oil output is expected to rise next year, driving a rebound in overall economic growth. Image: Reuters Saudi Arabia reportedly posted a budget deficit of $8 billion (SAR 30 billion) in the third quarter of 2024, mainly on account of lower oil prices.
Saudi Arabia's Q3 deficit at $8 bln amid spending surge, lower oil prices
Saudi Arabia logged a budget deficit of 30 billion riyals ($8 billion) in the third quarter, a finance ministry statement showed on Monday, as lower oil prices weighed on revenue.
Saudi Arabia posts $8bln Q3 deficit as lower oil prices weigh
The kingdom's total revenue stood at 309 billion riyals in the third quarter of this year, with oil revenues at 191 billion riyals and non-oil revenue at 118 billion riyals
Saudi Aramco reports 15% drop in Q3 profit, maintains dividend
Saudi oil giant Aramco on Tuesday reported a 15.4 per cent drop in third-quarter profit due to lower crude prices and weaker refining margins, but maintained its generous dividend at $31.1bn for the quarter.
Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi Arabia, de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), is pumping roughly 9 million barrels per day, about three-quarters of its capacity after agreeing to cuts with OPEC members and allies including Russia.
Saudi Aramco Says Quarterly Profit Drops 15% On Low Oil Prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15 pct from 2023
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last year as low oil prices ate into
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Saudi Aramco Q3 profit drops 15% over lower crude prices, weak refining margins
Saudi Arabia’s state energy giant Aramco’s Q3 2024 net profit plummeted over 15% year-on-year (YoY) to $27.6 billion, ...
Inquirer on MSN1d
Saudi Aramco says Q3 profit drops 15% on low oil prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
The Punch Newspapers1d
Saudi Aramco’s Q3 profit dips by 15%
Saudi Arabia, the world’s biggest crude exporter, is currently producing roughly nine million barrels per day (bpd), well below its capacity of 12 million bpd. This reflects a series of output ...
Trade Arabia1d
Aramco records Q3 net income of $27.6 billion
The Q3 2024 net income, down from $32.6 billion in Q3 2023 was in line with analyst consensus, despite certain non-cash ...
Arabian Business7h
UAE’s debt capital markets notch up 13% growth in Q3: Fitch Ratings
The surge in the debt capital market places the UAE fourth globally in all currencies, after Malaysia, Saudi Arabia, and ...