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May
May
Aramco Edges Past Estimates With $27.3B Q1 Profit Despite 14% Oil Price Decline
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News Editor / 4 months
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- 1 min read
Saudi Aramco (2222.SR) reported a first-quarter net profit of 27.3 billion, marginally surpassing analyst expectations of 26.8 billion despite Brent crude averaging just $83.42/barrel (-14% YoY). The world’s largest oil producer demonstrated resilience through: Key Financial Highlights: Revenue: 107.2B (vs. 121.3B Q1 2024) Free Cash Flow: $25.6B (covers 87% of dividend) Dividend: Maintained at $29.4B payout Operational Wins: Downstream […]