Oil giant Aramco sticks to dividend even as profits collapse – Bloomberg

Oil giant Aramco sticks to dividend even as profits collapse – Bloomberg

Saudi Aramco’s Ras Tanura Oil Refinery and Oil Terminal in Ras Tanura, Saudi Arabia.

Photographer: Simon Dawson / Bloomberg

Photographer: Simon Dawson / Bloomberg

Saudi Arabia’s state-controlled oil giant continued its plan to pay out $ 75 billion in dividends this year despite collapsing profits and rising debt as the kingdom battles a deficit growing budget.

Saudi…

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