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oil Giants Saudi aramco reported a 3.4% fall in second quarter profit on Tuesday results were weighed by lower crude volumes and softer refining margins the net income for Q2 was just over $29 billion aramco said which did beat analysts expectations despite this dip it kept its generous dividend policy unchanged with $31 billion declared in payouts for the second quarter a third of which was performance linked payouts a ramco said on Tuesday it expects just over 124 billion dollar in total dividends this year roughly in line with previous Guidance the Saudi government holds nearly 81 a half% of Orco and relies heavily on the companyamp;#39;s payouts the kingdom has made cuts to its oil production working at 3/4 of its capacity as have fellow members and allies of oil production group OPEC Plus theyamp;#39;ve made these cuts to bolster the market amid uncertainty over global demand and Rising Supply outside the group but lower output and prices have pressured Saudi State finances and
