Saudi Aramco Keeps Dividend Even as Oil Crisis Hits Profit

The video discusses Saudi Aramco's financial performance, highlighting a $75 billion revenue with a $19 billion dividend payout despite a 25% profit drop due to a price war and the COVID-19 pandemic. The importance of dividends for Saudi Aramco, which is largely government-owned, is emphasized. Saudi Arabia's financial crisis has led to austerity measures and production cuts. Credit Suisse notes that low oil prices will generate insufficient revenue to cover the government's budget. The video concludes with the challenges facing the oil market and the impact on future earnings.

What is the estimated amount the Saudi government will generate from Aramco?

What factors are affecting the oil market according to the text?