“Aramco” distributes 116.45 billion riyals after profits of 103.4 billion in the third quarter

Riyadh: «Al-Khaleej» Saudi Aramco recorded net quarterly profits of 103.4 billion riyals in the third quarter of 2024, a decline of 15% from 122 billion riyals in the corresponding period of 2023. The Aramco Board of Directors decided to distribute profits totaling 116.45 billion riyals ($31.05 billion), including profits Basic 76.06 billion riyals ($20.28 billion), while up to Performance-related dividends amounted to 40.39 billion riyals ($10.77 billion). Total revenues amounted to 416.63 billion riyals ($111.10 billion) for the third quarter, compared to 424.10 billion riyals ($113.09 billion) for the same quarter of 2023. The decrease is mainly due to lower prices for crude oil, refined products, and materials.