Saudi Arabia’s Aramco reports lower half-year profits as economic worries dampen energy prices

Aramco Posts Decline in Q2 Profit

Saudi Aramco reported a net income of $29 billion for the second quarter of the year, down from $30 billion a year earlier. Half-year profits this year were also slightly lower than the 2023 result. Free cash flow also shrank, from $23.1 billion in the second quarter of 2023 to $18.96 billion in the second quarter of this year. Dividends paid, however, were ramped up from $19.5 billion last year, to $31 billion this year. “We have delivered mark…

Saudi Aramco profit down 10% to $56.3 bln in 1H 2024

In the first half of the year, the average price reached $84.3 per barrel, compared with $79 per barrel in the same period last year

Aramco reports $29.1bn net profit in Q2, up 6.59%

RIYADH: Saudi oil giant Aramco reported a net profit of $29.1 billion for the second quarter of 2024, reflecting a 6.59 percent quarter-on-quarter increase, despite challenging market conditions.   For the first half of the year, the company said its net income reached $56.3 billion. Operating cash flow amounted to $64.7 billion in the six months to the end of June, with $31.1 billion of that coming in the second quarter of the year.

Saudi Aramco profits dip as refining margins fall

World’s largest oil company says it is on track to pay annual dividend of $124.2bn

Aramco second-quarter profit drops 3.4% on lower volumes, refining margins

DUBAI (Reuters) -Oil giant Saudi Aramco on Tuesday reported a 3.4% fall in second-quarter profit on lower crude volumes and softer refining margins. Aramco posted second-quarter net income of 109.01 billion riyals ($29.03 billion) in the three months to June 30, beating a company-provided median estimate from 15 analysts of $27.7 billion. Dividends of $31.1 billion were declared for the second quarter, including $10.8 billion in performance-link…

Oil giant Saudi Aramco's second-quarter profit dips 3% on lower crude production volumes

Saudi Aramco reported $29.1 billion in net profit for the second quarter, a dip of 3.2% from the same period last year as production volumes remained low.