Saudi oil giant Aramco posts drop in full-year profit, slashes dividend

Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023. The company said its base dividend for the fourth quarter of 2024 would be $21.1 billion, but its performance-linked payout would be just $0.2 billion. This…