Oil Giant Aramco Keeps Dividend Despite 45% Slump In Profit

by finance.yahoo.com posted 7months ago 60 views
(Bloomberg) -- Saudi Aramco failed to generate enough cash to cover its dividend, yet left the payout unchanged at $18.75 billion for the third quarter even as profit fell 45% and debt continued to rise.The Saudi Arabian state energy firm’s free cash flow was $12.4 billion between July and September, compared with $20.6 billion a year earlier.

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