Aramco's net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 billion riyals a year earlier, beating a company-provided median estimate from 15 analysts of $29.8 billion.
The group declared a base dividend of about $19.5 billion for the second quarter, roughly in line with its payout for the first quarter.
Aramco will begin paying performance-linked dividends for six quarters, starting with a $9.87 billion payout in the third quarter, it said.
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.
The firm still sees capital expenditure at between $45 billion and $55 billion this year, Nasser said on a media call.
Persons:
Maxim, Graphics Brent, Brent, Amin Nasser, Nasser, Maha El Dahan, Yousef Saba, Jan Harvey, Bernadette Baum
Organizations:
Aramco, Investment Fund, Saudi, REUTERS, Graphics, of, Petroleum, Thomson
Locations:
China chem, DUBAI, Saudi Arabian, Aramco, Saudi, Saudi Arabia, Russia, Saudi Aramco, Abqaiq, Moscow, Riyadh