Anonymous ID: 8f8ef4 Aug. 9, 2020, 7:23 a.m. No.10232153   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>2348 >>2535 >>2743

JBA departures

SAM328 USAF C-40B nw (this AC is used by the State Dept.)

SAM194 USAFG5 wn

VM374 USMC C-560 sw

 

VV500 US Navy G5 ne with VV700 Navy G5 inbound from Bucarest, Romania

PAT430 US Army C-560 east from St. George Regional Airport, UT

 

Persian Gulf

WSLR51 USAF E-3C Sentry AWACS

ATILA28 USMC C-560 departed Kuwait-Ahmad al-Jaber Air Base se with SHAFT69 USAF Learjet from Doha, Qatar-Al Udeid Air Base nw

 

SAMMY72 USAFSOC C-32B departed Shannon, Ireland after a ground stop-inbound from Crete, Chania Int'l Airport

Anonymous ID: 8f8ef4 Aug. 9, 2020, 8:14 a.m. No.10232460   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>2480 >>2534 >>2660 >>2678 >>2743

Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank

 

Saudi Aramco, the worldโ€™s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imposed to curb the coronavirus pandemic drastically cut the demand for oil and slammed prices.

 

Despite the steep fall in earnings, to $6.6 billion from $24.7 billion, the company said it would continue paying a quarterly dividend of $18.75 billion, almost three times its cash flow. Aramco is locked into paying such a large amount โ€” $75 billion a year โ€” because of commitments made in the run-up to its initial public offering on the Saudi Tadawul stock exchange.

 

Nearly all of the dividend money will go to the Saudi government, which owns more than 98 percent of the company. Continuing to pay such a large dividend distinguishes Aramco from other oil giants, like BP and Royal Dutch Shell, which have recently cut their payouts to preserve capital in difficult times.

 

โ€œWhile other oil companies are taking the opportunity to reset the dividend, Aramco are somewhat locked into the IPO commitments,โ€ said Neil Beveridge, an analyst at Bernstein, a market research firm. Mr. Beveridge estimated that Aramco is likely borrowing around $12 billion to pay the dividend.

https://timeschicago.com/saudi-aramco-says-profit-fell-73-percent-as-demand-for-oil-shrank/