Saudi Aramco's 2024 Profit Dip: What's Next?

Saudi Aramco has reported a notable decline in profits for 2024, dropping to $106.2 billion from $121.3 billion in 2023. This shift reflects the challenges posed by lower oil prices and increased global production, with the realized oil price falling to $80.2 per barrel. Additionally, the company revised its 2025 dividend forecast to $85.4 billion, down from $124.2 billion. However, Aramco’s CEO remains optimistic, highlighting investments in gas and downstream production as future revenue streams. With the ability to add 3 million barrels in case of supply disruptions, Aramco continues to play a crucial role in the global oil market. Watch for insights on what’s next! Like and share this video! #SaudiAramco #OilMarket #FinanceNews #EnergyInvestments