Saudi Arabia posts $8 bln Q3 deficit

Saudi Aramco Q3 profit drops 15.4% amid lower oil prices
Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, backing Vision 2030 and economic stability.
Saudi Arabia's Q3 deficit at $8 bln amid spending surge, lower oil prices
Saudi Arabia logged a budget deficit of 30 billion riyals ($8 billion) in the third quarter, a finance ministry statement showed on Monday, as lower oil prices weighed on revenue.
Saudi Arabia posts $8bln Q3 deficit as lower oil prices weigh
The kingdom's total revenue stood at 309 billion riyals in the third quarter of this year, with oil revenues at 191 billion riyals and non-oil revenue at 118 billion riyals
Saudi Aramco Keeps Huge Dividend Despite Lower Profit
Saudi Aramco reported a 15.4% decline in Q3 earnings due to lower oil prices, but maintained its $31.1 billion dividend payout to support Saudi Arabia's Vision 2030.
Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi Arabia, de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), is pumping roughly 9 million barrels per day, about three-quarters of its capacity after agreeing to cuts with OPEC members and allies including Russia.
Saudi Aramco says quarterly profit drops 15% on low oil prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices. But its profits dropped by a quarter last year because of lower oil prices and production cuts.
Saudi Arabia posts $8bn Q3 deficit as lower oil prices weigh
Saudi Arabia continued to spend heavily on its Vision 2030 transformation programme aimed at diversifying the economy away from its huge reliance on the oil sector. The kingdom is
Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15 pct from 2023
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last year as low oil prices ate into
Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Saudi oil giant Aramco on Tuesday reported a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining ...
Inquirer on MSN1d
Saudi Aramco says Q3 profit drops 15% on low oil prices
Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.
Zawya5d
Saudi Arabia's GDP grows 2.8% in Q3, driven by non-oil sectors
RIYADH — Saudi Arabia’s real GDP grew by 2.8% in the third quarter (Q3) of 2024 compared to the same period last year, ...
The Punch Newspapers1d
Saudi Aramco’s Q3 profit dips by 15%
Saudi Arabia, the world’s biggest crude exporter, is currently producing roughly nine million barrels per day (bpd), well below its capacity of 12 million bpd. This reflects a series of output ...
Aramco reports net income decline of 15.3 percent in Q3
Saudi Arabia's national oil company, Aramco, reported a net income decline of approximately 15.3 percent for the third quarter of 2024, in line with ...
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UAE’s debt capital markets notch up 13% growth in Q3: Fitch Ratings
The surge in the debt capital market places the UAE fourth globally in all currencies, after Malaysia, Saudi Arabia, and ...