{"id":406140,"date":"2021-03-22T09:11:34","date_gmt":"2021-03-22T03:41:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406140"},"modified":"2021-03-22T09:54:11","modified_gmt":"2021-03-22T04:24:11","slug":"saudi-aramcos-profit-fell-44-in-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramcos-profit-fell-44-in-2020\/","title":{"rendered":"Saudi Aramco\u2019s profit fell 44% in 2020"},"content":{"rendered":"<p>Saudi Aramco, Saudi Arabia\u2019s national oil company, said Sunday that its net income last year had fallen by 44%, to $49 billion, as lower oil prices stemming from the pandemic cut into earnings. <\/p>\n<p>Company CEO Amin Nasser described 2020 in a statement accompanying the earnings data as \u201cone of the most challenging years in recent history.\u201d<\/p>\n<p>But Aramco, the world\u2019s largest oil producer, said it would stick by a pledge to pay a $75 billion dividend. Nearly all of the payment will go to the Saudi government, which owns about 98% of the company. <\/p>\n<p>The company was listed on the local Tadawul exchange in 2019 in the largest valuation for an initial public offering.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco, Saudi Arabia\u2019s national oil company, said Sunday that its net income last year had fallen by 44%, to $49 billion, as lower oil prices stemming from the pandemic cut into earnings. Company CEO Amin Nasser described 2020 in a statement accompanying the earnings data as \u201cone of the most challenging years in recent history.\u201d But Aramco, the world\u2019s largest oil producer, said it would stick by a pledge to pay a $75 billion dividend. Nearly all of the payment will go to the Saudi government, which owns about 98% of the company. The company was listed on the [&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":[146,130,177],"tags":[],"class_list":["post-406140","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406140","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=406140"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406140\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}