RIYADH, Aug 10 (NNN-SPA) – The Saudi Arabian Oil Company (Aramco), announced yesterday, the dividend distribution of 18.75 billion U.S. dollars to shareholders, for the second quarter of 2020.
This dividend, up from 13.4 billion dollars for the same period of 2019, is paid, despite global economic disruption and challenges facing the energy sector, said a company statement.
Highlighting Aramco’s financial and operational resilience, amid the COVID-19 pandemic, Amin H. Nasser, president and CEO of the Saudi company, said, Aramco will continue to pursue long-term growth and diversification strategy, to capture un-achieved and additional value from “every produced hydrocarbon molecule.”
Aramco hit a record net income of 6.6 billion dollars for the second quarter and 23.2 billion dollars for the first half of 2020, compared to 24.7 billion dollars and 46.9 billion dollars in the corresponding periods of 2019.
Aramco also achieved its highest single-day crude oil production of 12.1 million barrels on Apr 2, the company said.
