{"id":382148,"date":"2020-11-04T08:37:27","date_gmt":"2020-11-04T03:07:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382148"},"modified":"2020-11-04T08:54:45","modified_gmt":"2020-11-04T03:24:45","slug":"saudi-aramco-dividend-remains-unchanged-despite-45-slump-in-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-dividend-remains-unchanged-despite-45-slump-in-profit\/","title":{"rendered":"Saudi Aramco dividend remains unchanged despite 45% slump in profit"},"content":{"rendered":"<p>Saudi Aramco left its dividend unchanged at $18.75 billion even as it failed to generate enough cash to cover the payout and reported a 45% drop in third-quarter profit.<\/p>\n<p>Net income at the world\u2019s biggest oil company was 44.2 billion riyals ($11.8 billion), broadly in line with analysts\u2019 expectations. Sales fell 25% from the same period of 2019 to $53.3 billion.<\/p>\n<p>The state energy firm\u2019s free cash flow was $12.4 billion between July and September, compared with $20.6 billion a year earlier. Gearing climbed to 21.8% from 20% in June and from minus 5% in March, when Aramco had more cash than debt. <\/p>\n<p>Aramco\u2019s shares rose 0.6% to 34.40 riyals in early trading in Riyadh, paring this year\u2019s drop to 2.4%. The stock has been bolstered by management\u2019s insistence that it will pay a $75 billion dividend in 2020, almost all of which will go to the Saudi Arabian government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco left its dividend unchanged at $18.75 billion even as it failed to generate enough cash to cover the payout and reported a 45% drop in third-quarter profit. Net income at the world\u2019s biggest oil company was 44.2 billion riyals ($11.8 billion), broadly in line with analysts\u2019 expectations. Sales fell 25% from the same period of 2019 to $53.3 billion. The state energy firm\u2019s free cash flow was $12.4 billion between July and September, compared with $20.6 billion a year earlier. Gearing climbed to 21.8% from 20% in June and from minus 5% in March, when Aramco had more [&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-382148","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\/382148","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=382148"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382148\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}