Saudi Aramco boosts dividend to $98 billion despite fall in profit

Company’s capital expenditure rose to a record level of $49.7 billion last year, as expansion activities gained momentum

Profit decline: Amin Nasser, chief executive of Saudi Aramco.
Profit decline: Amin Nasser, chief executive of Saudi Aramco.Photo: AFP/SCANPIX
Published 10 March 2024, 10:04Updated 11 March 2024, 07:55