Reported 20 days ago
Despite increasing debt and a declining oil outlook, Saudi Aramco has decided to uphold its $31 billion dividend, which is crucial for Saudi Arabia's government finances. The company, facing a net debt of $8.9 billion and declining profits, is paying out more than it earns to support state budgets amid ambitious economic plans that have expanded the deficit. Concerns over oil demand and reduced pricing are putting pressure on Aramco's financial stability, leading to speculation about future sustainability of the payout.
Source: YAHOO