Aramco posts barnstorming quarter
- Date: 16-May-2022
- Source: Energy Voice
- Sector:Oil & Gas
- Country:Middle East
Aramco posts barnstorming quarter
Saudi Aramco has posted its strongest quarterly results since going public, with net income of $39.5 billion and free cash flow of $30.6bn.
It will keep its dividend unchanged from the previous quarter, though, with a plan to pay out $18.8bn. Gearing fell to 8%, down from 14.2% at the end of December.
Aramco remains “focused on helping meet the world’s demand for energy that is reliable, affordable and increasingly sustainable,” said president and CEO Amin Nasser.
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