2 days ago • Posted by William Ramstein
Aramco Q1 profits rose 30% on rising oil prices; dividend payout steadies.
Net income rose to $21.7 billion for the quarter to March 31 from $16.7 billion a year earlier. Analysts had expected a net profit of $19.48 billion, according to the mean estimate from five analysts. Aramco paid a $18.8 billion dividend for the first quarter, remaining in line with the company's $75 billion yearly dividend.