
Published: March 4, 2025 at 3:51 a.m. ET
Saudi Arabian Oil Co. has slashed its massive dividend payout — the world’s biggest — as the state oil producer’s profit fell amid struggling oil prices.
Also known as Saudi Aramco .css-8459s-OverridedLink.css-8459s-OverridedLink:any-link{-webkit-text-decoration:none;text-decoration:none;color:var(–color-interactiveLink010, interactiveLink010);border-bottom:1px solid;border-bottom-color:var(–color-interactiveLink010, interactiveLink010);}.css-8459s-OverridedLink.css-8459s-OverridedLink:any-link.css-8459s-OverridedLink.css-8459s-OverridedLink:any-link svg{fill:var(–color-interactiveLink010, interactiveLink010);}.css-8459s-OverridedLink.css-8459s-OverridedLink:any-link:hover{-webkit-text-decoration:none;text-decoration:none;color:var(–color-interactiveLink020, interactiveLink020);border-bottom:1px solid;border-bottom-color:var(–color-interactiveLink020, interactiveLink020);}.css-8459s-OverridedLink.css-8459s-OverridedLink:any-link:hover.css-8459s-OverridedLink.css-8459s-OverridedLink:any-link:hover svg{fill:var(–color-interactiveLink020, interactiveLink020);}.css-1y1y9ag-OverridedLink{display:inline;color:var(–color-interactiveLink010);-webkit-text-decoration:underline;text-decoration:underline;}@media screen and (prefers-reduced-motion: no-preference){.css-1y1y9ag-OverridedLink{transition-property:color,fill;transition-duration:200ms,200ms;transition-timing-function:cubic-bezier(0, 0, .5, 1),cubic-bezier(0, 0, .5, 1);}}@media screen and (prefers-reduced-motion: reduce){.css-1y1y9ag-OverridedLink{transition-property:color,fill;transition-duration:0ms;transition-timing-function:cubic-bezier(0, 0, .5, 1),cubic-bezier(0, 0, .5, 1);}}.css-1y1y9ag-OverridedLink svg{fill:var(–color-interactiveLink010);}.css-1y1y9ag-OverridedLink:hover:not(:disabled){color:var(–color-interactiveLink020);-webkit-text-decoration:underline;text-decoration:underline;}.css-1y1y9ag-OverridedLink:hover:not(:disabled) svg{fill:var(–color-interactiveLink020);}.css-1y1y9ag-OverridedLink:active:not(:disabled){color:var(–color-interactiveLink030);-webkit-text-decoration:underline;text-decoration:underline;}.css-1y1y9ag-OverridedLink:active:not(:disabled) svg{fill:var(–color-interactiveLink030);}.css-1y1y9ag-OverridedLink:visited:not(:disabled){color:var(–color-interactiveVisited010);-webkit-text-decoration:underline;text-decoration:underline;}.css-1y1y9ag-OverridedLink:visited:not(:disabled) svg{fill:var(–color-interactiveVisited010);}.css-1y1y9ag-OverridedLink:visited:hover:not(:disabled){color:var(–color-interactiveVisited010);-webkit-text-decoration:underline;text-decoration:underline;}.css-1y1y9ag-OverridedLink:visited:hover:not(:disabled) svg{fill:var(–color-interactiveVisited010);}.css-1y1y9ag-OverridedLink:focus-visible:not(:disabled){outline-color:var(–outlineColorDefault);outline-style:var(–outlineStyleDefault);outline-width:var(–outlineWidthDefault);outline-offset:var(–outlineOffsetDefault);}@media not all and (min-resolution: 0.001dpcm){@supports (-webkit-appearance: none) and (stroke-color: transparent){.css-1y1y9ag-OverridedLink:focus-visible:not(:disabled){outline-style:var(–safariOutlineStyleDefault);}}}.css-1y1y9ag-OverridedLink.css-1y1y9ag-OverridedLink:any-link{-webkit-text-decoration:none;text-decoration:none;color:var(–color-interactiveLink010, interactiveLink010);border-bottom:1px solid;border-bottom-color:var(–color-interactiveLink010, interactiveLink010);}.css-1y1y9ag-OverridedLink.css-1y1y9ag-OverridedLink:any-link.css-1y1y9ag-OverridedLink.css-1y1y9ag-OverridedLink:any-link svg{fill:var(–color-interactiveLink010, interactiveLink010);}.css-1y1y9ag-OverridedLink.css-1y1y9ag-OverridedLink:any-link:hover{-webkit-text-decoration:none;text-decoration:none;color:var(–color-interactiveLink020, interactiveLink020);border-bottom:1px solid;border-bottom-color:var(–color-interactiveLink020, interactiveLink020);}.css-1y1y9ag-OverridedLink.css-1y1y9ag-OverridedLink:any-link:hover.css-1y1y9ag-OverridedLink.css-1y1y9ag-OverridedLink:any-link:hover svg{fill:var(–color-interactiveLink020, interactiveLink020);}SA:2222, the company reported net income for 2024 fell to $106.2 billion from $121.3 billion in 2023.
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- Source: https://www.marketwatch.com/story/the-worlds-biggest-dividend-has-just-been-cut-heres-why-3fcff4ac?mod=mw_rss_topstories