20140809
🔹️ Q2 Dividends: Saudi Aramco announced a distribution of SAR 116.45 billion ($31.05 billion) as dividends for Q2 2024.
🔹️ Core and Performance-related Dividends: Includes SAR 76.06 billion ($20.28 billion) in core dividends and SAR 40.39 billion ($10.77 billion) in performance-related dividends.
🔹️ Net Income: Net income for Q2 reached SAR 109 billion ($29.07 billion).
🔹️ Strategic Expansion: Continues to expand in the gas sector and low-emission vehicles.
🔸️ Outperforming Competitors:
Q2 Earnings of Competitors:
🔻 bp: $2.8 billion
🔻 Chevron: $4.4 billion
🔻 TotalEnergies: $4.7 billion
🔻 Shell: $6.3 billion
🔻 ExxonMobil: $9.2 billion
🔝 Total Earnings of Competitors: $27.4 billion (Less than Aramco by $3.65 billion)
💵 If cash distributions continue at this level, the return on investment in Aramco shares will be 7% in 2024, an excellent return compared to other stock market companies.