The Saudi Aramco company topped the list of the largest companies in the world in terms of distributing cash dividends, as its dividends exceeded the total of the five major companies that follow it in the ranking.
Bloomberg Intelligence stated that the payments Aramco made to the Saudi government and other investors for 2022 amounted to $75.80 billion, and payments could increase by more than $20 billion this year.
Yesterday, the oil giant Saudi Aramco announced that its profits in the first quarter of this year amounted to $31.88 billion, compared to $39.47 billion in the same quarter of last year.
The company blamed the fall in its profits this year on lower global oil prices. Aramco made profits of $30.73 billion in the fourth quarter of last year.
This article was originally published by RT.