RIYADH, March 4 (Xinhua) -- Saudi Arabian Oil Company, commonly known as Saudi Aramco, announced Tuesday a net income of 106.2 billion U.S. dollars in 2024, down from 121.3 billion dollars in the previous year.

The company also noted a decline in cash flow from operating activities, which fell to 135.7 billion dollars in 2024 from 143.4 billion dollars in 2023.

Saudi Aramco declared a base dividend of 21.1 billion dollars for the fourth quarter of 2024, a 4.2-percent year-on-year increase. The payout is scheduled for the first quarter of 2025. Additionally, the company expects total dividends to reach 85.4 billion dollars in 2025.

The company is on track to deliver a growth strategy across upstream and downstream. It anticipates generating an additional 9-10 billion dollars in operating cash flow from its upstream gas business and 8-10 billion dollars from downstream growth by 2030.

"Our strong net income and increased base dividend illustrate Aramco's exceptional resilience and ability to leverage its unique scale, low cost, and high reliability to deliver industry-leading performance for our shareholders and customers," said Aramco President and CEO Amin H. Nasser. Enditem

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