May 04, 2021
Aramco Tuesday announced its first quarter financial results, posting a 30% year-on-year increase in net income to $21.7 billion and declaring a dividend of $18.8 billion to be paid in Q2.
DHAHRAN The Saudi Arabian Oil Company (Aramco) Tuesday announced its first quarter financial results, posting a 30% year-on-year increase in net income to $21.7 billion and declaring a dividend of $18.8 billion to be paid in Q2.
The results were underpinned by higher oil prices and an improved economic environment in the first three months of 2021.
Commenting on the results, Aramco President & CEO Amin H. Nasser, said: “The momentum provided by the global economic recovery has strengthened energy markets, and Aramco’s operational flexibility, financial agility and the resilience of our employees have contributed to a strong first quarter performance.
Free cash flow : $18.3 billion Q4 2020 dividend of $18.8 billion paid in the first quarter; Q1 2021 dividend of $18.8 billion to be paid in the second quarter The Saudi Arabian Oil Company ( Aramco or the Company ) today announced its first quarter financial results, posting a 30% year-on-year increase in net income to $21.7 billion and declaring a dividend of $18.8 billion to be paid in Q2. The results were underpinned by higher oil prices and an improved economic environment in the first three months of 2021.
Commenting on the results, Aramco President & CEO Amin H. Nasser, said: The momentum provided by the global economic recovery has strengthened energy markets, and Aramco s operational flexibility, financial agility and the resilience of our employees have contributed to a strong first quarter performance. For our customers we remain a supplier of choice, and for our shareholders we continue to deliver an exceptional quarterly dividend.
The energy regulator has re-fixed the price of liquefied petroleum gas (LPG) of private companies.
Bangladesh Energy Regulatory Commission (BERC) yesterday reduced the retail price of LPG by around 7 percent. According to the new rate, retailers will have to sell 12kg gas in LPG cylinder at Tk 906, down from the existing price of Tk 975.
The new price will become effective from next month, BERC Chairman Abdul Jalil said while announcing the new price at a virtual press conference.
He said they re-fixed the price as per the new rate of the Saudi Contract Price for May.
The contract price rate set by the Saudi Arabian Oil Company (Saudi Aramco) each month is the dominant price for LPG in Asia and elsewhere in the world.
Bunker Fuel Market is estimated to reach a valuation of just under US$ 250 Bn by the end of the year of assessment (2025) – KSU ksusentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksusentinel.com Daily Mail and Mail on Sunday newspapers.
Significant long-term perspective
As this year marks the 50th anniversary of the establishment of diplomatic relations between China and Iran, the two countries signed a 25-year blueprint to enhance bilateral comprehensive cooperation on March 27. Given its long-term outlook, the deal has drawn much attention from the international community and sparked negative perceptions in some countries, with some trying to distort the China-Iran relationship.
But the newly inked 25-year agreement does not target at any third party. The plan focuses on tapping the potential in political, strategic and economic cooperation between the two sides, charting the course for long-term cooperation. China and Iran have highly complementary economies, and there is great potential for mutually beneficial cooperation.