Apple May Be Bigger But Aramco’s Soaring Dividend Is Unmatched

Analysts see Aramco’s move adding billions to dividend payouts
Oil major already pays investors more than Apple and Microsoft

Saudi Aramco's Ras Tanura oil refinery and terminal at Ras Tanura, Saudi Arabia.
Photographer: Simon Dawson/Bloomberg

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By Farah Elbahrawy and Michael Msika

May 9, 2023 at 2:09 PM UTC

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Saudi Aramco already shells out a dividend that’s worth more than payouts from the next five largest global payers combined. That gap is now set to widen.