Saudi Aramco Slashes Dividend

Saudi Aramco Slashes Dividend

Since its 2019 IPO, Aramco has significantly underperformed both ExxonMobil and the S&P 500 in stock price, earnings growth, and total returns.

Aramco Reports Q1 Profits Of $26 Billion, Down 4.6% Year-on-Year

Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion, a 4.6% decline from the same period last year.