PAYOUT PLUNGE
Aramco cuts dividend as Saudi budget pressures mount
Revenue from Aramco has long enabled the kingdom to contain its fiscal deficits, but cuts in production over the past two years have crimped oil sales
Aramco's Mazan oil and gas platform (Getty Images).
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Aramco, the world’s largest oil company, is slashing dividend payouts in the face of Saudi Arabia’s growing budget troubles.
The company, which is majority-owned by the Saudi government, said it expects to declare total dividends of $85.4 billion this...