Riyadh, Saudi Arabia, March 4, 2025 (AFP) - Saudi Aramco profits drop 12 percent on lower prices, volumes

NAMPA / AFP

2025-03-04

Oil giant Saudi Aramco posted a drop in annual profits on Tuesday as lower prices and volumes hit the lynchpin of the kingdom's ambitious economic reform plans. The world's biggest crude exporter said profits were down more than 12 percent to $106.25 billion in 2024, the second annual drop following a surge in oil prices in 2022. Expected dividends for 2025 also fell heavily to $85.4 billion, down from $124.3 billion announced for last year by th......

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