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Oil: Aramco Cuts Dividend to About $85 Billion in Saudi Budget Setback
Posted
March 4, 2025
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2:34Now PlayingSaudi Aramco cut the world’s biggest dividend in a blow for Saudi Arabia’s widening budget deficit, as the company seeks to relieve the stress on its own finances. The firm expects the total payout to be about $85 billion in 2025, compared with $124 billion for last year, it said in a statement Tuesday. Bloomberg's Joumanna Bercetche reports.
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