Quoted

“Year-to-date, Aramco has paid dividends of $93.2 billion, financed by taking on debt as its free cashflow amounted to just $63.7 billion during the same period. Put simply, Aramco has burned through more than $100 million a day – a day – to finance its distribution to shareholders. Even the fortress-like balance sheet of the Saudi company cannot sustain that for ever.” Javier Blas, Opinion: Saudi Aramco Is Burning Cash – It Needs to Stop [Bloomberg]





Left Menu Icon
Logo Header Menu