, Columnist
Saudi Aramco's Dividend Math Doesn't Add Up
Spending $15 a barrel on payouts seems ambitious when you consider the direction of oil prices.
CEO Amin Nasser has big promises to keep.
Saudi Arabian Oil Co. via Bloomberg
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It’s the mother of all payouts.
The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.