Saudi Aramco’s solid Q1 performance likely to translate into record dividends

Saudi Aramco’s solid Q1 performance likely to translate into record dividends

Saudi Aramco’s Q1 2021 net profit, which saw a 30 percent jump, anticipates a strong quarter for East Europe Middle East and Africa (EEMEA) oil, where robust results should translate into record dividends, BofA said in a note analyzing the results.  

Aramco delivered “a solid beat on Q1 numbers surpassing consensus and our NI (net income) and FCF (free cash flows) estimates by more than 10 percent,” the note said.