Saudi Aramco Shifts Strategy: Plans Higher Debt for Enhanced Dividends

Dhahran, Thursday, 21 November 2024.
In a strategic pivot, Saudi Aramco announces plans to increase its debt load to optimize capital structure, aiming for enhanced shareholder returns despite recent profit challenges. The world’s largest oil company maintains its robust dividend policy of $31.1 billion quarterly, demonstrating unwavering commitment to investor value even as Q3 profits declined 15% year-over-year to $27.6 billion. This bold financial restructuring comes amid global market volatility and evolving energy sector dynamics.