Saudi Aramco to pay record dividends despite dip in profits

Saudi Aramco to pay record dividends despite dip in profits

World’s biggest oil company will pay shareholders, including Saudi state, quarterly dividend of $31bn

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Saudi Arabia’s state-owned oil company is on track to grow its dividends by 30% this year to a new high of $124bn (£98bn) despite reporting weaker profits in the last quarter.

The world’s biggest oil company will pay its shareholders, including the Saudi government, a quarterly dividend of $31bn, which puts the company on course to achieve the record annual sum.

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