Saudi Aramco confirms another $19.5b dividend payout for Q2-23, as net income hits $30.1b

Saudi Aramco confirms another $19.5b dividend payout for Q2-23, as net income hits $30.1b

Aramco's banner sure has reasons to fly high. And there are signs already of a strong second-half to the year.

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Dubai: Saudi Aramco will pass on another $19.5 billion as second quarter dividend for 2023, which will be paid in the coming quarter. This comes as the Saudi energy giant brought out $62 billion as net income for the first six months, while Q2-23 numbers came to $30.1 billion.



And from the third quarter, Aramco will start issuing its first 'performance-linked' dividends. 







The results come against the backdrop of a firming up in oil prices, with the Kingdom extending its cuts all the way through to September.



Aramco's Q1-23 base dividend of $19.5 billion was paid in the second quarter, and represented a 4 per cent year-on-year increase.



"Our mid to long-term view remains unchanged," said Amin H. Nasser, Aramco President and CEO. "With a recovery anticipated in the broader global economy, along with increased activity in the aviation sector, ongoing investments in energy projects will be necessary to safeguard energy security.





“We are maintaining the largest capital spending program in our history, with the aim of