Saudi Aramco slashes dividend as profit tumbles on weak oil prices
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Saudi Aramco has reduced its dividend payments following a 12.4% drop in net income due to weaker oil prices. The company's net income fell from $121.3 billion to $106.2 billion in 2024.
March 04, 2025 | 11:45 am
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The United States Brent Oil Fund (BNO) may be impacted by Saudi Aramco's reduced dividends and lower profits, as these reflect weaker oil prices.
BNO, as an ETF tracking Brent oil prices, is likely to be affected by the overall sentiment in the oil market. Saudi Aramco's reduced dividends and lower profits signal weaker oil prices, which could negatively impact BNO's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50