Aramco reports 3.4% dip in Q2 profit on lower crude volumes
Investing.com -- Energy giant Aramco (TADAWUL:2222) reported a 3.4% decline in its second-quarter net income on Tuesday on lower crude volumes.
The company reported a net income of 109.01 billion Saudi Riyals in the three months ended June 30, down from 112.8 billion a year earlier.
Despite the profit dip, Aramco declared a strong dividend of $31.1 billion, including a $10.8 billion performance-linked payout.
The company expects total dividends of $124.2 billion for 2024.
Beyond financial results, Aramco accelerated gas expansion plans, awarded contracts worth over $25 billion, and aims to boost gas production by 60% by 2030.
The company also expanded its global footprint with investments in Pakistan and advanced its technological capabilities through a partnership on quantum computing.
Related Articles
What to Expect From Meta Q2 Earnings: AI Push, Ad Strength — But Can Profitability Hold?
TradingKey - Meta Platforms (META), the parent company of Facebook, Instagram, and WhatsApp, will release its Q2 2025 earnings after the U.S. market close on Wednesday, July 30. After nine consecutive quarters of beating expectations, analysts expect another strong performance — driven by AI-powered
Meta 2Q25 Earnings Preview
Meta currently trades at just 27x PE as its current state of ad business is solid. However, investors want to see whether the large spending on both infrastructure and talent actually moves the needle for the AI initiatives.
Stablecoins: Overview and Their Influence on U.S. Equity and Treasury Markets
TradingKey - The U.S. government endorses stablecoins with three primary goals. First, to reinforce the dollar's dominance: as most stablecoins are tied to the dollar, they significantly bolster its global standing.
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
