Global dividend payouts reached a record $1.66 trillion in 2023, driven by high interest rates boosting bank margins. Despite this, large dividend cuts from companies like BHP and Intel slightly dampened overall growth. Nevertheless, around 86% of companies either increased or maintained their dividends, with Europe contributing greatly to the overall rise. In 2024, dividend payouts are expected to continue growing, reaching an estimated $1.72 trillion.
Aramco's 2023 earnings of $121.3 billion, though lower than 2022's record, mark its second-best year due to a strong oil market. Despite reduced costs in refining and chemical production, the company raised its dividend payout. Aramco plans to increase gas production while maintaining its oil output at 12 million barrels per day, anticipating a robust oil market despite economic challenges.
