The profits still outstrip thenear $22bn recorded in the first quarter of 2021, before the energy crisis began later that year, and was later escalated by Russia’s invasion of Ukraine.posted strong first-quarter performances
Despite the fall in profits, Aramco’s shares rose 4% after the company said it would introduce performance-linked dividends. Increasing payouts to shareholders would increase revenues for the Saudi government, which holds more than 90% of the stock and draws on the country’s vast desert oil resources as huge source of wealth.
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