Financial Performance Overview

Saudi Aramco, the world's leading oil company, announced a 12% decrease in net income for the fiscal year 2024, totaling $106.2 billion. Despite a slight decline in total revenue to $436.6 billion and a 14% drop in earnings per share to $0.43, the company remains a powerhouse in the global oil industry.

Dividend Declaration

The Board of Directors has approved a base dividend of $21.1 billion for the fourth quarter of 2024, marking a 4.2% increase from the previous year. This dividend is scheduled for payment in the first quarter of 2025, reflecting Aramco's commitment to shareholder value.

CEO's Statement

"Our robust financial performance and increased base dividend underscore Aramco’s unparalleled resilience and operational excellence. With global oil demand hitting record highs in 2024, we are poised for further growth in 2025," stated CEO Amin Nasser, highlighting the company's strategic position and future outlook.