Aramco Mulls Further Capex Cuts

摘要

Saudi Aramco is considering a further reduction in its capital spending in 2021, but for this year it remains committed to spending $25 billion-$30 billion, and paying the $75 billion in dividends it has promised shareholders. As with oil companies the world over, Aramco has seen its revenues hit this year by the economic fallout from the coronavirus pandemic, which has caused oil demand and prices to plunge.