Aramco $75 Billion Payout No Problem as Oil Recovers, BofA Says
- Rising oil and output mean Aramco could raise 2022 dividend
- Bank of America keeps ‘neutral’ rating on Saudi Aramco
A ceremony marking the initial public offering (IPO) of Saudi Aramco at the Fairmont Hotel in Riyadh.
Photographer: Matthew Martin/Bloomberg
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The rally in oil prices has all but expunged any likelihood that Saudi Aramco will fail to meet its $75 billion dividend payout next year, according to Bank of America Corp.