Financial times

Saudi Aramco earnings slide 25% after oil price collapse State energy company warns of continued impact from coronavirus but maintains dividend Saudi Aramco, the world’s most profitable company, is not immune to the oil price collapse and economic fallout from the pandemic © REUTERS Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Share Save Anjli Raval, Senior Energy Correspondent 18 MINUTES AGO Print this page20 Saudi Aramco reported a 25 per cent drop in first-quarter earnings as a result of the crude price collapse and demand crunch but maintained its stellar dividends, which will largely go to the government in Riyadh. Saudi Arabia’s state energy company on Tuesday reported net income of $16.7bn in the first three months of the year, against $22.2bn a year earlier, as lockdowns reduced global oil demand by a third from pre-crisis levels.

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