Oil giant Aramco sticks with dividend even as profit crashes (Bloomberg) -- Saudi Arabia's state-controlled oil giant pressed ahead with a plan to pay $75 billion in dividends this year despite crashing profit and a surge in debt, as the kingdom battles a

(Bloomberg) -- Saudi Arabia’s state-controlled oil giant pressed ahead with a plan to pay $75 billion in dividends this year despite crashing profit and a surge in debt, as the kingdom battles a widening budget deficit. Saudi Aramco said net income for the three months ending in June fell to 24.6 billion riyals ($6.

Posted: 2020-08-09 15:08:00

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