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State-owned Saudi Arabian Oil Co., aka Aramco, scored lucrative profits in 2021, which are set to fuel its standing as an even more consequential player
The Saudi Arabian Oil Company (Aramco) today reported that its net income more than doubled year-on-year to $110 billion. It declared a fourth-quarter dividend of $18.8 billion.
The Saudi Arabian Oil Company (Aramco) today reported that its net income more than doubled year-on-year to $110 billion. It declared a fourth-quarter dividend of $18.8 billion.
Saudi Aramco plans to ramp up its oil production capacity by 550,000 b/d by 2025 as it forges ahead with plans to boost its maximum sustainable capacity to 13 million b/d in the coming years. “The Marjan and Berri crude oil increment programs are in the final stages of detailed engineering, and construction activities continue ...
Free cash flow was $22.6 billion in the second quarter and $40.9 billion for the first half of 2021, compared to $6.1 billion and $21.1 billion, respectively, for the same periods in 2020.