Saudi Aramco reports strong 2019 results despite challenges – Saudi Gazette

Saudi Aramco reports strong 2019 results despite challenges – Saudi Gazette

In 2019, Saudi Aramco remained one of the world's largest producers of crude oil and condensate with an average total hydrocarbon production of 13.2 million barrels per day of oil equivalent.. The ordinary dividends represent a proportion of the $13.4 billion total ordinary dividends declared for the fourth quarter 2019.. The company's low upstream costs and low sustaining capital provide significant flexibility and demonstrate differentiation to its peers.. The company demonstrated its long-standing reputation for reliability.. In February 2020, Saudi Aramco received regulatory approval for the development of the Jafurah unconventional gas field in the Eastern Province.. Saudi Aramco entered into a share purchase agreement last year to acquire the Public Investment Fund's 70 percent equity interest in SABIC, one of the world's largest chemicals companies, for $69.1 billion.. International Maritime Industries Company goes live with IFS Applications.... Savola Group holds program to empower Saudi productive families.