Aramco

Profit Decline: Saudi Aramco Sees 25% Drop in Profits – What’s Next for the Oil Giant?

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Riyadh, Saudi Arabia – Saudi Aramco, the state-backed energy giant, has experienced a significant decrease in profits due to a reduction in production and a sharp decline in oil prices during the year 2023. Despite this decline, the company still managed to achieve the second-highest profit in its history, totaling $121 billion. This marked a 25% drop from the record-breaking year of 2022 when the company raked in $161 billion in profits. In response to …

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Profit Despite Profit Fall, Aramco Increases Dividend by 30% to $98 Billion – Shocking Revelation!

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Houston, Texas – Despite a drop in profit, Saudi Aramco has announced a significant increase in dividends, reflecting confidence in the company’s financial stability. The decision to hike dividends by 30% to $98 billion comes as Aramco reported a $121 billion profit last year, which was lower than its record-breaking 2022 profits. The boost in dividends, signaling Aramco’s commitment to returning value to shareholders, is seen as a strategic move to support the Saudi Arabian …

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Nvidia Surpasses Saudi Aramco to Become Third Most Valuable Company – Check Out the Surprising New Ranking!

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Santa Clara, California – Nvidia Corp. has achieved a significant milestone by surpassing Saudi Aramco in market value, solidifying its position as the world’s third-most valuable public company, trailing only Apple Inc. and Microsoft Corp. The chipmaker experienced a 2.5% increase on Monday, reaching a market value of $2.11 trillion. This surge comes after Nvidia closed above the $2 trillion mark for the first time this past Friday. In contrast, Saudi Aramco’s value decreased to …

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