Aramco Q2 Profit Drops 38% to $30B But Dividend Increased

Aramco's net profit fell 38% in Q2 2022 to $30B due to lower oil prices.
Despite the profit decline, Aramco raised its dividend payout to shareholders.
Aramco's Q2 profit beat analyst estimates of around $29.8B.
The company attributed the profit drop to weaker crude prices and refining margins.
CEO emphasized Aramco's resilience and investments in energy security solutions.