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OilPrice

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Aramco’s Dividend Safe With Latest Oil Price Rally

The oil price rally will ensure Aramco is able to meet its $75-billion dividend payout, according to Bank of America. Bloomberg reports, citing the bank’s analysts, that any doubts there may have been about Aramco’s ability to keep the annual $75-billion payments it promised investors when it listed, have now largely dissipated amid higher oil prices, which will likely boost Aramco’s oil export revenues.

Last year, some were worried Aramco would not be able to keep up with the payouts because of the collapse in oil prices. “Aramco…

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