Aramco Eyes Extra Dividend Despite Dip in Earnings

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Saudi,Aramco,Truck,Company,Logo
Hyserb/Shutterstock

Saudi Aramco said on Tuesday that it intends to introduce "performance-linked dividends" in addition to its base dividend, despite reporting a year-on-year decline in first-quarter earnings that it attributed to lower oil prices and pressure on margins at its chemicals business.

Topics:
Earnings, Upstream Projects, Company/Financials, Equity and Debt Markets
Wanda Ad #2 (article footer)
#
QatarEnergy expects to sign more LNG supply deals with European customers in the coming months, says the gas giant's top executive.
Thu, Jun 1, 2023
Mexican regulators approved the joint field development plan for the offshore Zama field on Thursday, a major step forward for the promising oil find.
Thu, Jun 1, 2023
Russia’s Gazprom won’t pay dividends for the second half of 2022 after record payouts for the first half.
Wed, May 24, 2023