Saudi Aramco to keep $75bn dividend despite dive in profits

Shareholder payout to stick in spite of 73% fall in quarterly income because of have an effect on of Covid-19

Saudi Arabia’s state-owned oil massive nonetheless plans to pay $75bn (£57bn) to its shareholders this yr even because the have an effect on of the coronavirus led to its income for the ultimate quarter to plummet by way of 73%.

The worldwide slowdown in oil call for right through the coronavirus pandemic driven Saudi Aramco’s web source of revenue for the second one quarter right down to $6.57bn, from $24.7bn in the similar duration ultimate yr and $16.6bn within the first quarter of 2020.

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