Saudi Aramco second-quarter profit dips amid lower production volumes

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Saudi Aramco second-quarter profit dips amid lower production volumes

February 8, 2022, 3D printed natural gas pipeline.

Ruvik Dice | Reuters

Saudi Arabian oil major Aramco reported second-quarter net profit of US$29.1 billion, a year-on-year decrease As the output is still low, it increased by 3.2% compared with the same period last year.

Saudi Aramco reiterated its second-quarter basic dividend of $20.3 billion and announced a performance-linked dividend of $10.8 billion in the third quarter.

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