Aramco Surges on Higher Oil Output & Prices

The video discusses the performance of Amco's upstream and downstream arms, highlighting the impact of higher oil prices and production on earnings. The upstream arm performed well due to eased OPEC cuts and higher crude prices, while the downstream arm faced shrinking margins and supply chain issues. The video also covers CapEx plans and their potential market impact, as well as Amco's decision to focus on debt reduction over dividend increases, which may affect investor interest due to lower yield compared to competitors.

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