The largest oil company in the world has disclosed it's plans to proceed with payment of $75 Billion in dividend this year , reports say that the oil company recorded a 73 per cent decline in profit second-quarter 2020.
Saudi Aramco , the world's top oil exporting company is set to pay a dividend of $18.75 billion despite plunge in oil price for second-quarter 2020 of which the majority will be paid to the government of Saudi Arabia, the company's major share holder which owns about 98 per cent of the company stock.
The Executive officer Amin Nasser said :
"Strong head winds from reduced demand and lower oil prices are reflected in our second-quarter results "
"we are seeing a partial recovery in the energy market as countries around the world take step to ease restrictions and
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