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Saudi Aramco’s second quarter dividend to reach $ 18.8 billion
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The average level of production for the quarter in Saudi Aramco amounted to 11.7 million barrels per day of oil equivalent.
The net profit of the world’s largest in terms of production and reserves of the Saudi oil company Saudi Aramco in the second quarter of 2021 amounted to $ 25.5 billion against $ 6.6 billion a year earlier. This is reported in reporting companies on Sunday, August 8th.
Saudi Aramco attributed such an increase in revenues to an improved global environment, a recovery in oil demand growth, and a weakening of restrictive measures due to mass vaccinations against coronavirus. The company’s dividend for the second quarter will amount to $ 18.8 billion.
For the first half of the year, the company received a net profit of $ 47.2 billion against $ 23.2 billion a year earlier.
Saudi Aramco’s free cash flow for the second quarter was $ 22.6 billion, more than tripling year-on-year. The company’s capital expenditures after optimization amounted to $ 7.5 billion, an increase of 20% year-on-year.
The average production level for the quarter in the company amounted to 11.7 million barrels per day of oil equivalent.
As a reminder, at the end of 2020 Saudi Aramco’s net profit fell almost doubled – $ 49 billion against $ 88.2 billion a year earlier.
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