Aramco Boosts Payout to Government, Investors to $29 Billion
- Aramco profit falls as lower prices, OPEC+ cuts hurt sales
- Performance dividend is on top of regular shareholder payout
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Saudi Aramco raised its payout to investors and Saudi Arabia’s government by more than half, in a move that will help fill state coffers that had increasingly been expected to be in deficit this year.
The total payout will be $29.4 billion, including a performance-linked portion, up from a regular dividend of $18.8 billion a year ago, according to a statement from the company. The boost to the dividend came despite profit dropping by more than a third to about $30 billion as a result of lower oil prices.