Saudi Aramco’s Q1 capex rises 23.8% despite cancelation in production capacity expansion

Capt. John

Saudi Aramco reported a 23.8% increase in capital expenditure in the first quarter of 2024 despite scaling back a planned 1 million b/d production capacity expansion in January, the company said in its quarterly results. Aramco’s Q1 spending was $10.83 billion, compared with $8.74 billion in the...

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