State-run Saudi Arabian Oil Co. or Saudi Aramco (2222) reported Tuesday lower profit and revenues in fiscal 2024.
For the year, net income attributable to shareholders' equity was $105.04 billion, down from last year's $120.73 billion. Earnings per share declined to $0.43 from $0.50 in the prior year.
Revenue and other income related to sales fell to $480.45 billion from prior year's $495.03 billion. Revenue of $436.61 billion was lower than prior year's $440.88 billion.
Further, the Board has declared base dividend of $21.1 billion for the quarter, a 4.2% year-over-year increase, to be paid in the first quarter of fiscal 2025.
The performance-linked dividend of $0.2 billion is declared and to be paid in the first quarter, in line with previously announced mechanism.
The company said it expects total dividends of $85.4 billion to be declared in 2025.
Looking ahead, the company said there is progress on track to deliver growth strategy across Upstream and Downstream, with potential additional operating cash flows of $9.0 billion to $10.0 billion from growth in Aramco's Upstream gas business, and $8.0 billion to $10.0 billion from growth in its Downstream business, by 2030.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.