The world’s biggest dividend has just been cut. Here’s why.

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Saudi Arabian Oil Co. has slashed its massive dividend payout — the world’s biggest — as the state oil producer’s profit fell amid struggling oil prices.

Also known as Saudi Aramco

SA:2222, the company reported net income for 2024 fell to $106.2 billion from $121.3 billion in 2023.

This post was originally published on Market Watch

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