Saudi Aramco's Q3 Profit Falls 15%, Dividend Unchanged
Saudi Aramco reported a 15.4% drop in third-quarter net profit due to lower crude oil prices and weakening refining margins, but maintained a $31.05 billion dividend. The company's net income was $27.56 billion, slightly above estimates, despite a 5% decline from the previous quarter. Aramco's earnings reflect a broader trend among oil majors facing similar challenges. The company continues to invest in upstream developments and new energy programs, supporting Saudi Arabia's Vision 2030 economic diversification plan.