Saudi Arabia's state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now squeeze the kingdom's multi-trillion-dollar development plans.

Oil giant Saudi Aramco posted a drop in annual profits on Tuesday as lower prices and volumes hit the lynchpin of the kingdom's ambitious economic reform plans.The world's biggest crude exporter said profits were down more than 12 percent to $106.

Aramco reported a drop in 2024 profits and announced a 30% reduction in total dividends for 2025, impacting Saudi Arabia's finances.

Saudi Aramco reported a net profit of $106.25 billion in 2024, a 12% decline from the previous year, as lower energy prices weighed on earnings.

Syeda Rizwana Hasan, the Forest and Environment Adviser to the interim government, announced that Saudi Arabia’s Aramco, a leading

Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on lower energy prices

Saudi state oil producer Aramco reported a decline in net profit in 2024 and warned of a dividend cut. Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024,

Aramco, Saudi Arabia’s state-owned oil company, reported a 12% drop in net profit for 2024 on Tuesday. After earning $121.3 billion in 2023, Aramco earned $106.3 billion in 2024, resulting in a lower payout for the kingdom,