Aramco to pay $31-B in dividends to KSA amid drop in Q1 earnings   

  • 4 months ago
Aramco to pay $31-B in dividends to KSA amid drop in Q1 earnings 
 

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Transcript
00:00Oil giant Aramco will pay $31 billion in dividends to the Saudi Arabian government
00:06and its shareholders, despite raking in lower earnings for the first quarter of the year.
00:12The government of Saudi relies heavily on the oil company's payout,
00:16directly owning 82% of Aramco. Despite the staggering earnings from fossil fuel,
00:22the world's biggest oil exporter is curiously spending billions of dollars to actually
00:27diversify its wind from over-dependence to a crude-driven economy.

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