{"id":367006,"date":"2020-08-10T11:02:35","date_gmt":"2020-08-10T05:32:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367006"},"modified":"2020-08-10T11:32:05","modified_gmt":"2020-08-10T06:02:05","slug":"saudi-aramcos-profit-falls-73-sticks-with-dividend-despite-debt-surge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramcos-profit-falls-73-sticks-with-dividend-despite-debt-surge\/","title":{"rendered":"Saudi Aramco&#8217;s profit falls 73%; sticks with dividend despite debt surge"},"content":{"rendered":"<p>Saudi Arabia\u2019s state-controlled oil giant pressed ahead with a plan to pay $75 billion in dividends this year despite crashing profit and a surge in debt, as the kingdom battles a widening budget deficit. <\/p>\n<p>Saudi Aramco said net income for the three months ending in June fell to 24.6 billion riyals ($6.6 billion), down 73 per cent from a year earlier, after crude prices collapsed. Aramco will pay a dividend of $18.75 billion for the quarter, most of it to the government, which owns around 98 per cent of the company\u2019s stock. <\/p>\n<p>Aramco\u2019s performance and demand for energy will probably improve over the rest of the year as nations ease coronavirus lockdowns, according to Chief Executive Officer Amin Nasser.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s state-controlled oil giant pressed ahead with a plan to pay $75 billion in dividends this year despite crashing profit and a surge in debt, as the kingdom battles a widening budget deficit. Saudi Aramco said net income for the three months ending in June fell to 24.6 billion riyals ($6.6 billion), down 73 per cent from a year earlier, after crude prices collapsed. Aramco will pay a dividend of $18.75 billion for the quarter, most of it to the government, which owns around 98 per cent of the company\u2019s stock. Aramco\u2019s performance and demand for energy will probably [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-367006","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=367006"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367006\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}