Aramco declares dividend of $18.8 billion to be paid in Q2 :

Aramco declares dividend of $18.8 billion to be paid in Q2


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.

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