Trump’s trade war gets profits to the Saudi Oil Giant

Uncertainty triggered by Donald Trump’s trade war He has financed the Saudi Arabian Giant Giant in front of the U.S. President’s Great Profile visit to the Kingdom this week.

Saudi Aramco, The largest oil company in the world said on Sunday that the profits during the first quarter of the year fell 5PC to $ 26 million ($ 19.5 million), as worrying about world trade prices decreased oil prices.

This caused the company to reduce its dividend from $ 31 million to $ 21.4 million by last quarter of last year.

Amin H. Nasser, CEO of Saudi Aramco, said: “Global commercial dynamics affected energy markets in the first quarter of 2025, with the economic uncertainty that affected oil prices.”

Oil prices have declined as a result of The announcement of the “Liberation Day” of Mr. Trump, Due to fears that will delay economic activity worldwide.

A recent decision of the Cartel de l’Opc to increase production has also put down the downward pressure on the prices of crude oil, which is now poured around $ 64 the barrel.

Saudi Aramco said that ranks of crude oil was coming at an average price of $ 76.30 a first quarter, compared to $ 83 during the same period last year.

Business shares were also reduced more than 3PC last month and have dropped almost 17PC over the last year.

Comes as Mr. Trump is Preparing -for a tour of the Middle East this week, Where you will visit Saudi Arabia, Qatar and the Arab Emirates, hoping to hit a series of lucrative investment agreements.

Trump has said he hopes to convince Riyadh to invest more than $ 1 trillion in the United States economy.

Karoline Leavitt, the white house secretary, said that last week Mr. Trump hoped to make a “historical return” to the Middle East.

She said: “President Trump will once again emphasize his continuous vision for a proud, prosperous and successful middle east, where the United States and the nations of the media are in cooperative relations and where extremism is defeated instead of trade and cultural exchanges.”

Robert Mogielnicki, a resident student of the Washington Arab Golf States, told Reuters: “Trump administration wants this trip to be a great business. This means that many ads and collaborations by Splashy Deal that can be sold as good for America.”

Meanwhile, the success of the benefits of Saudi Aramco is still similar It declines in the Rival Oil Shell and BP oil giants.

BP recorded a 49PC fall on the benefits of the first quarter last month, while Shell’s benefits for the same period decreased almost a third.

For Saudi Aramco, which is 81.5PC owned by the Saudi government, will add pressures on the leadership of the kingdom, as it struggles to diversify its economy away from fossil fuels.