Saudi Aramco reported a net profit of $27.27 billion for the first quarter of this year, reflecting a 2.04% increase from the previous quarter. The state-owned energy giant’s total revenue reached $107.21 billion, while operating income stood at $58.88 billion. Despite these strong figures, the company’s net profit saw a 14.44% decline compared to the same period last year.
Amin H. Nasser, Saudi Aramco’s president and CEO, emphasized the company’s resilience and strength as a leading global energy supplier. Aramco declared a base dividend of $20.3 billion for the first quarter and anticipates a fourth performance-linked dividend of $10.8 billion in the second quarter.