#Saudi Aramco's Dividend Math Doesn't Add Up Considering Oil Price - Bloomberg


Saudi Aramco's Dividend Math Doesn't Add Up Considering Oil Price - Bloomberg:
It’s the mother of all payouts.
The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.
That makes Chief Executive Officer Amin Nasser’s promise to continue that level of returns for the next five years an extraordinary vote of confidence in an oil market awash with uncertainties. Saudi Aramco will be prepared to borrow money to ensure that it meets its commitment this year despite oil prices heading into negative territory, he said this month.
#Saudi Aramco s Dividend Math Doesn t Add Up Considering Oil Price - Bloomberg

[Author: [email protected] (Rupert Neil Bumfrey)]


Tags: Travel, Sinopec, Saudi Aramco, China Petroleum Chemical Corp, Rupert Neil Bumfrey, Amin Nasser

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