Saudi Aramco is taking on debt to sustain dividend payouts, mostly benefiting the government. Over nine months, its net cash of $27.4 billion turned into $8.9 billion in debt, meaning in 2024, it’s spending about $130 million daily in funds it doesn’t actually have.

Saudi Aramco is taking on debt to sustain dividend payouts, mostly benefiting the government. Over nine months, its net cash of $27.4 billion turned into $8.9 billion in debt, meaning in 2024, it’s spending about $130 million daily in funds it doesn’t actually have. submitted by /u/FXgram_
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