popular articles

Aramco Reduces Dividends

Please share:

Aramco, the Saudi national oil company and the world’s largest oil company, is to cut its dividend.
The Saudi government wants to finance new projects.

Aramco finances national investment plans

1300 billion dollars in investments

Saudi Aramco and its subsidiary SABIC had already committed to financing a large part of the government’s private sector investment plan.
This represents 60% of the $1.3 trillion in financing planned by the companies.
Thus, the possibility of reducing dividends eases the pressure on Aramco, which last year already had to cut spending.
The company even had to borrow to pay its $75 billion dividend.
Despite this crisis, Aramco plans to increase its total oil production capacity by 1 million barrels a day.
This will take the company from 12 million to 13 million barrels a day.

Impact of Covid 19 on the Saudi market

Last year, the coronavirus pandemic and turbulence in the oil market created a double crisis in the Kingdom.
As a result, Hereditary Prince Mohammed bin Salmane’s goals of stimulating the non-oil economy and reducing unemployment took a step backwards.

10 billion in spending cuts

Aramco then declared a reduction in capital expenditure for 2021 of $10 billion on the initial plan.
As a result, $35 billion will be mobilized instead of the $45 billion originally planned.
Aramco’s oil revenues and dividends represent the Saudi government’s main source of income.
This company is vital to the Saudi economy, which, according to the Crown Prince, will be only slightly affected by the reduction in dividends.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Kalina Power and Crusoe Energy Systems have signed a strategic agreement to develop data centers in Alberta, utilizing excess energy resources and promoting a more sustainable approach for the technology sector.
New Zealand Energy Corp. (NZEC) confirms significant progress on the Tariki field, aiming to transform the site into a gas storage facility. The project, in response to market tensions in New Zealand, plans to begin injection in Q4 2025.
New Zealand Energy Corp. (NZEC) confirms significant progress on the Tariki field, aiming to transform the site into a gas storage facility. The project, in response to market tensions in New Zealand, plans to begin injection in Q4 2025.
EDF plans to host data centers on six industrial sites already connected to the power grid. This initiative aims to accelerate the installation of digital infrastructure while optimizing its land assets. A call for expressions of interest will be launched by the end of February.
EDF plans to host data centers on six industrial sites already connected to the power grid. This initiative aims to accelerate the installation of digital infrastructure while optimizing its land assets. A call for expressions of interest will be launched by the end of February.
BP announces a strategic shift following a collapse in its 2024 profits. Under pressure from activist investors, the British group must balance profitability with the transformation of its asset portfolio in a changing market environment.
BP announces a strategic shift following a collapse in its 2024 profits. Under pressure from activist investors, the British group must balance profitability with the transformation of its asset portfolio in a changing market environment.
The International Energy Agency (IEA) is preparing to launch a global observatory in April to measure the energy footprint of data centers. This initiative aims to centralize reliable data as electricity consumption linked to artificial intelligence (AI) continues to grow rapidly.
Potentia Energy, owned by Enel Green Power and INPEX, announces the acquisition of a portfolio exceeding 1 gigawatt (GW) of renewable energy assets in Australia. The deal includes operational wind and solar facilities as well as projects in advanced stages of development.
Potentia Energy, owned by Enel Green Power and INPEX, announces the acquisition of a portfolio exceeding 1 gigawatt (GW) of renewable energy assets in Australia. The deal includes operational wind and solar facilities as well as projects in advanced stages of development.
International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.
International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.
TotalEnergies plans to list its shares on the New York Stock Exchange by the end of 2025. The objective is to attract more American investors by converting its ADRs into ordinary shares while maintaining its presence in Paris.
Vinci CEO Xavier Huillard warns about the consequences of increased taxation on large companies in France. He highlights the risk to industrial investment and calls for greater regulatory stability to maintain the country’s attractiveness.
Vinci CEO Xavier Huillard warns about the consequences of increased taxation on large companies in France. He highlights the risk to industrial investment and calls for greater regulatory stability to maintain the country’s attractiveness.
The rapid growth of artificial intelligence (AI) is driving an exponential increase in the energy and water consumption of its infrastructure. A British report highlights the need for tech companies to better regulate the impact of their data centers.
The rapid growth of artificial intelligence (AI) is driving an exponential increase in the energy and water consumption of its infrastructure. A British report highlights the need for tech companies to better regulate the impact of their data centers.
Despite Donald Trump's return and his measures favoring fossil fuels, major companies, including in the United States, are continuing their energy transition plans. American banks still finance renewable energy despite withdrawing from climate initiatives.
Despite Donald Trump's return and his measures favoring fossil fuels, major companies, including in the United States, are continuing their energy transition plans. American banks still finance renewable energy despite withdrawing from climate initiatives.
Veolia has entered into a strategic partnership with Mistral AI to integrate artificial intelligence into its plant management. The goal is to improve operational performance by enabling real-time analysis of equipment and accelerating technical interventions.
Norwegian energy giant Equinor has revised its renewable energy ambitions downward while increasing its focus on hydrocarbons. A strategic decision that aligns with industry trends and meets market expectations.
Norwegian energy giant Equinor has revised its renewable energy ambitions downward while increasing its focus on hydrocarbons. A strategic decision that aligns with industry trends and meets market expectations.
After a 26% drop in net profit in 2024, TotalEnergies adjusts its strategy by reducing its investments in low-carbon energy by $500 million. Despite this decline, the group continues its share buyback program and dividend increases.
After a 26% drop in net profit in 2024, TotalEnergies adjusts its strategy by reducing its investments in low-carbon energy by $500 million. Despite this decline, the group continues its share buyback program and dividend increases.
TotalEnergies CEO Patrick Pouyanné aligned himself with Bernard Arnault's stance on the surtax on large corporations' profits. This measure, aimed at reducing the public deficit, is generating mixed reactions within the business sector.
TotalEnergies CEO Patrick Pouyanné aligned himself with Bernard Arnault's stance on the surtax on large corporations' profits. This measure, aimed at reducing the public deficit, is generating mixed reactions within the business sector.
Alfa Laval has signed an agreement to acquire NRG Marine, a UK-based company specializing in ultrasonic anti-fouling technology. This acquisition aims to enhance the group’s offering in the maritime, oil, and industrial sectors in response to the growing demand for these innovative solutions.
Facing a renewable energy market deemed less profitable, several European oil and gas companies are shifting their strategy. BP, Shell, and Enel are reducing their green investments to prioritize hydrocarbons, while TotalEnergies maintains a hybrid approach.
Facing a renewable energy market deemed less profitable, several European oil and gas companies are shifting their strategy. BP, Shell, and Enel are reducing their green investments to prioritize hydrocarbons, while TotalEnergies maintains a hybrid approach.
Getlink is progressively relaunching ElecLink, its one-gigawatt transchannel power cable, after more than four months of suspension. The service restoration is taking place in multiple phases, with ongoing testing and capacity auctions until February 10.
Getlink is progressively relaunching ElecLink, its one-gigawatt transchannel power cable, after more than four months of suspension. The service restoration is taking place in multiple phases, with ongoing testing and capacity auctions until February 10.
Abyss Solutions signs an R&D contract with Petrobras to develop an advanced digital inspection technology aimed at optimizing offshore platform maintenance and reducing operational costs.
Abyss Solutions signs an R&D contract with Petrobras to develop an advanced digital inspection technology aimed at optimizing offshore platform maintenance and reducing operational costs.
ACWA Power has signed several partnerships with key Italian entities, focusing on project financing, supply chains, and industrial services in strategic markets.
Shanghai Electric secures multiple certifications for key energy projects in Dubai, Oman, Bangladesh, and Malaysia, reinforcing its role in the energy strategies of emerging markets.
Shanghai Electric secures multiple certifications for key energy projects in Dubai, Oman, Bangladesh, and Malaysia, reinforcing its role in the energy strategies of emerging markets.
In Davos, Patrick Pouyanné, CEO of TotalEnergies, highlighted the challenges faced by the European green industry amid Chinese and U.S. competition, urging the EU to adjust its policies to support investments.
In Davos, Patrick Pouyanné, CEO of TotalEnergies, highlighted the challenges faced by the European green industry amid Chinese and U.S. competition, urging the EU to adjust its policies to support investments.
OLI Systems collaborates with Lilac Solutions to improve lithium extraction processes, enhancing the efficiency and sustainability of this key resource for lithium-ion batteries.
OLI Systems collaborates with Lilac Solutions to improve lithium extraction processes, enhancing the efficiency and sustainability of this key resource for lithium-ion batteries.

Advertising