Media members discussed before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia, November 3, 2019.
Hamad I Mohammed | Reuters
The net net profit of the first quarter of Saudi Aramco dropped 5% in annual sliding in the case of lower prices and oil production.
The three -month -old net profit on March 31 came to $ 26 billion, compared to 27.3 billion dollars for the same period last year, the company reported. The figure was slightly higher than the expectations of analysts of $ 25.3 billion.
Aramco announced its cash flow available for the quarter to 19.2 billion dollars, compared to $ 22.8 billion in the first quarter of 2024 and the cash flow flows at $ 31.7 billion compared to the $ 33.6 billion last year.
The figures indicate that the continuous pressure for the assessment of the Saudi oil giant, as crude prices show no signs of recovery and global demand slows in accordance with trade in trade.
In March, the company announced that it would reduce its payment of dividends linked to performance for the fourth quarter from $ 2024 to $ 200 million – compared to $ 10.2 billion per previous quarter – and repeated this figure of 200 million dollars for the first quarter of this year, to be paid in the second quarter.
However, its basic dividend in the first quarter increased 4.2% in annual sliding to $ 21.1 billion.
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