Saudi oil giant sees sharp fall in profits
- Date: 10-Mar-2024
- Source: BBC
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi oil giant sees sharp fall in profits
Dividends will increase to $98bn, a rise of almost a third compared to 2022, when it banked a record $161bn in profit, thanks to the impact Russia's war in Ukraine was having on energy prices. Oil prices hit $130 a barrel in 2022. Saudi oil giant sees sharp fall in profits