Oil & Gas Aramco pays $21bn dividend despite 2024 profit slip By Pramod Kumar March 4, 2025, 11:20 AM Reuters/Hamad I Mohammed More oil demand growth is expected in 2025, said Saudi Aramco president and CEO Amin Nasser Yearly profit down 12% Q4 dividend up 4% 2025 expected dividends of $85bn Saudi Aramco will distribute a dividend of SAR80 billion ($21.4 billion) for the fourth quarter of 2024 despite full-year net profit falling 12 percent year on year to $106 billion. The company declared a base dividend of $21 billion for the fourth quarter, a 4 percent year-on-year increase, which will be paid in the first quarter of 2025. The performance-linked dividend was $0.2 billion, paid in the first quarter. The oil major expects total dividends to reach more than $85 billion in 2025. Cash flow from operating activities fell 5 percent to $136 billion in 2024 from $143 billion a year ago. Capital investment reached $53 billion in 2024, including $50 billion in organic capex. The 2025 capital investment guidance stands at $52 billion to $58 billion, excluding around $4 billion of project financing. “Global oil demand reached new highs in 2024, and we expect further growth in 2025,” said Aramco CEO Amin Nasser. Aramco dividend vital to big-spending Saudi Arabia JPMorgan expects no special Aramco dividend in 2025 Saudi Aramco re-enters Philippines after 17 years “We continue to make progress on projects to maintain our maximum sustainable crude oil capacity, expand our gas capabilities, and achieve further integration of our upstream and downstream businesses to capture additional value,” he said. Aramco expects potential operating cash flows of $9 billion-$10 billion from growth in its upstream gas business and $8 billion-$10 billion from growth in its downstream business by 2030. Aramco’s spare capacity has the potential to generate an additional $12 billion in operating cash flow based on 2024’s average oil price.
