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Economics

Saudi Oil Windfall Tops $65 Billion Without Dividend Rise

An employee at the Khurais Processing Department in the Khurais oil field in Khurais, Saudi Arabia. — An employee at the Khurais Processing Department in the Khurais oil field in Khurais, Saudi Arabia.
Photographer: Maya Sidiqqi/Bloomberg

By

Matthew Martin and

Anthony Di Paola

August 15, 2022, 9:54 AM UTCUpdated onAugust 15, 2022, 2:49 PM UTC

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The Saudi government’s oil income almost doubled in the second quarter even as state-controlled producer Aramco held dividends unchanged.