Aramco's decision to increase its payout is an interesting move that comes despite a sharp drop in oil prices over the last 12 months

As we're getting through earnings season, we reached out to Chris Beauchamp from IG Group, to ask him for a comment on Aramco earnings.

Chris Beauchamp, Chief Market Analyst at IG Group said, "Aramco's decision to increase its payout is an interesting move that comes despite a sharp drop in oil prices over the last 12 months. But with a recession still a possibility there is the risk that earnings will decline further after a bumper 2022, putting pressure on the firm's income streams."

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