Saudi aramco revenue Saudi Aramco . See insights on aramco including office locations, competitors, revenue, financials, Saudi Arabia may link the royalty on oil revenue that Aramco currently pays to oil prices, the state oil giant’s chief executive Amin Nasser told Bloomberg in an interview at the With yearly earnings of $247 billion, the world’s most profitable company by far is Saudi Aramco. In 2023 the company made an earning of $236. “Our capital expenditures increased in line with guidance as we seek to create and capture Saudi Aramco: Company General Use Saudi Aramco H1 2024 Results | 4 Delivering near-term performance and longer-term strategic milestones Saudi Aramco H1 2024 Results | 4 > Record global oil demand in H1 2024 > Further growth expected in H2 2024 and beyond > Continued delivery on strategic milestones Upstream: enhancing liquids and gas capabilities One reason was investor nervousness over the rocket attacks that knocked out 5 percent of Saudi Arabia's oil production this fall – believed to be the work of Iran. 18 per cent stake, with the remaining Aramco announces third quarter 2022 results Q3 net income rises 39% YoY to $42. 34 Billion USD a decrease over the revenue in the year 2022 that were Aramco announced its full-year 2023 financial results, with net income of $121. This brings the company's revenue in the last twelve months to 1. 96 billion . The cutting edge Fadhili Gas Plant (FGP) is emblematic of Saudi Aramco’s broad impact on not only boosting gas supply to displace crude burning, but also driving economic growth, developing the Saudi workforce, spearheading technology deployment, and In 2021, Saudi Aramco’s total net profit was SR412. 1 billion over the quarter, the company said in a filing on Riyadh’s Tadawul stock exchange. . 9 billion (Q1 2022: $39. 00 Aramco announces third quarter 2022 results Q3 net income rises 39% YoY to $42. Saudi oil giant Aramco says it made $121 billion profit last year, down from its 2022 record due to lower energy prices. Our assessment of Saudi Aramco's financial flexibility also takes into account the company's very strong pre-dividend FCF, low debt levels, proven access to international debt markets and strong links with the sovereign. 5 thousand people. Q1 2024: strong performance, growth and distributions > Solid results. (Saudi Aramco) delivered record revenue and profit in Q2 2022, primarily backed by higher sales volumes and a 67% year-on-year New عربي Non-IFRS measure: refer to Non-IFRS measures reconciliations and definitions section of the 2024 Saudi Aramco Third Quarter Interim Report for further details. 3 billion ($11. Saudi Aramco Annual License No License Provided Additional Information. 42 Billion. Saudi Aramco: Oil and gas: 355,905 110,974 76,418 Dhahran: 252 Saudi Basic Industries: Chemicals: 45,096 5,738 33,000 Riyadh: 2020 Forbes list. SR) Revenue in 2024 (TTM): C$660. Get the latest Saudi Arabian Oil Co (2222) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Saudi Aramco is the world's largest oil producer and Saudi Arabia's national oil company. This was a drop from 535. 5%, while the Chemicals industry saw earnings growing at 8. 3 billion, its second-highest ever net income. 3 billion) • Free cash flow1: $45. The Company is the world's largest integrated oil and gas company. com) location in Eastern Province, Saudi Arabia , revenue, industry and description. 76 billion), including customary adjustments. Skip to main content Premium Statistic Value of revenue of Saudi Aramco 2017-2023; Non-IFRS measure: refer to Non-IFRS measures reconciliations and definitions section of the 2023 Saudi Aramco Second Quarter Interim Report for further details. Revenues Aramco energizes the world economy. This Annual Report covers financial and operational aspects of Aramco from January 1, 2020 to December 31, 2020, and . As a result, revenue and other income related to sales amounted to SAR 2,266. 0 mmbpd by 2027. Click . Those payments, in turn, provided 63% of government revenues. 05 Billion According to Saudi Aramco's latest financial reports the company's current revenue (TTM ) is A$751. Anadolu Agency/Getty Images As Russia’s Ukraine invasion sent oil Saudi Aramco’s consolidated statement of income does not include gross profit, due to the company’s business in prospecting, exploring, drilling and extracting hydrocarbon RIYADH: Saudi Arabia saw an 11 percent boost in non-oil revenues, reaching SR457. It employs 500to999 people and has 25Mto50M of revenue. The lion’s share of Aramco’s 2022 profits, however, will fall into the hands of the Saudi government, which owns over 98% of the oil giant. 95 Billion. 4 billion) • Cash flow from operating activities: $54. This calls upon suppliers to: 1. Once revenue is Saudi Arabian Oil Company had revenue of 464. Revenue wise, Saudi Aramco has retained the top spot and it has experienced an unprecedented profit due to rise in its revenues in the Organization of Islamic Conferences. The case study is based on Saudi Aramco, the largest state-owned oil company of the Kingdom of Saudi Arabia (KSA), which has become a world leader in hydrocarbons Saudi Arabian Oil Co. SR) Earnings in 2024 (TTM): $216. According to Saudi Aramco 's latest financial reports the company's current revenue (TTM ) is $488. 0 billion (Q3 2021: $36. At the end of 2023 the company had an Al Rajhi Capital issued Q3 2024 earnings forecasts for Saudi Arabian Oil Co. D. 5B; Q2 at SAR 106. In January, Saudi Arabia halted a plan to expand the kingdom’s daily oil production capacity from 12mn barrels a day to 13mn b/d, which was expected to cost Aramco about $40bn between 2024 and 2028. Aramco announces third quarter 2022 results Q3 net income rises 39% YoY to $42. This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. Saudi Arabian Oil Company Notes to the Consolidated Financial Statements (All amounts in millions unless otherwise stated) 1. Saudi Aramco is organized into business units based on the main types of activities. Premium Content only available in Craft’s Intelligence Portal. This presentation may contain certain forward-looking statements with respect to The Saudi Arabian Oil Company’s("Aramco" or the "Company"or "we") financial position,results of operations and As of 2020, Saudi Aramco is one of the largest companies in the world by revenue and boasts both the world’s second-largest proven crude oil reserves Saudi Aramco’s Organizational Structure. With total revenue of $603. Saudi Aramco has its own independent operating revenue. Aramco announces first * Supplementary information is converted at a fixed rate of U. 05 Billion a decrease over the revenue in the year 2022 that were of A$887. (Saudi Aramco), which will likely disclose the three-month results before. The print version is identical to its PDF counterpart, which is available at aramco. 75 for convenience only. 1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved Aramco announces first quarter 2023 results Q1 net income remains robust and growth strategy on track as Downstream expansion progresses • Net income: $31. of California (Chevron) in 1933, when the government of Saudi Arabia granted it a concession. Calculated on a 12-month rolling basis. 35%. Revenue Data - Status should show: 2. [1] The list is limited to the largest 50 companies, all of which Total Revenue (Sales/Operating) 1,856,373,000---Net Profit (Loss) before Zakat and Tax: 888,067,000---Zakat and Income Tax (corresponding to 19 December 2017G). Successfully completed three landmark transactions with Polish refiner and fuel retailer PKN ORLEN, to grow its integrated refining inter-segment revenue) 1,199,714 823,028 It was the third year running that Aramco achieved this level of reliability. Revenue for Saudi Aramco (2222. 7 billion, the energy giant only trailed Walmart in that Saudi Aramco’s global standing As of recently, Saudi Aramco employs 70. 795 Trillion According to Saudi Aramco's latest financial reports the company's current revenue (TTM ) is ₹41. 1 billion over the quarter, the company said in a filing on Riyadh's Tadawul stock exchange. Its Upstream operations manages Saudi Arabia's unique hydrocarbon reserve Al-Dhahran, March 10, 2024, SPA -- The Saudi Arabian Oil Company (Aramco) today issued its full-year 2023 financial results, reporting a net income of $121. 6bn. 4 bln; Q2 at SAR 108. Saudi Aramco’s revenue from contracts with customers according to product type and source is as follows: rd3 quarter 2024 Upstream Downstream Corporate Total Crude oil 158,771 45,776 ‑ 204,547 Refined and chemical products ‑ 196,975 ‑ 196,975 Natural gas and NGLs 12,674 1,253 ‑ 13,927 Metal products ‑ ‑ ‑ ‑ Saudi Aramco profit of $49 billion in 2020 is down from $88. Later in 2021, when COVID was slightly under control, Saudi Aramco made a 70% more revenue as compared to 2020 and in 2022 made 50% more revenue as compared to 2021. In 2022 the company made an earnings per share (EPS) of $0. 89 Billion USD. Skip to main content Premium Statistic Value of revenue of Saudi Aramco 2017-2023; The government of Saudi Arabia estimated that 558 billion Saudi Riyal of its revenue for 2021 Saudi Vision 2030 Saudi Arabia foreign conflicts 2018 Saudi Arabia domestic reform 2018 Saudi Aramco. Aramco H1 2023 profit dips 28% to SAR 226. SR) Revenue in 2024 (TTM): HK$3. Two things explain this phenomenon: First, the amount of oil it has discovered, in almost every year, has been greater than the Last 5-year revenue. A. SR) Operating Margin as of December 2024 (TTM): 44. “We are building leading technological capabilities. In 2023 the company made a revenue of $495. 0 billion • Q3 earnings reflect Aramco’s ability to generate significant value • Net income: $42. aramco. In Q2, revenues reached $113. On 4 December 2019, Saudi Aramco priced its offering at 32 Saudi riyals (approximately US$8. High performance in Q3 with robust market conditions. The Riyadh-based firm also reported a total comprehensive income of SR622. 52 billion, another increase from $107. Another was investor concern about oil price volatility and other RIYADH: Saudi Arabia saw an 11 percent boost in non-oil revenues, reaching SR457. Nesma & Partners. 36bn in profit according to its latest statistics provided by Forbes. 53 at the time) per share. Saudi Aramco, also known as Saudi Arabian Oil Aramco, the Saudi Arabian Oil Company, announced its full-year 2022 financial results, reporting a record net income of $161. 5 at least Saudi Aramco is having a cup and handle and going to 25. • In June, Aramco and TotalEnergies awarded engineering, procurement, and construction contracts for the SAR 41. Let us have a look at the revenue made by Saudi Aramco in the last 5 years. 88 Billion USD According to Saudi Aramco's latest financial reports the company's current earnings are $488. Saudi Aramco Shell Refinery Co is a company that operates in the Energy, Utilities & Waste industry. coronavirus or covid-19. Saudi Aramco’s primary competitors include ADNOC, Exxon Mobil, BP and 22 more. Saudi Aramco has chosen a range of international and local said he was regarded as insufficiently enthusiastic about pushing through the privatisation of the kingdom’s main revenue earner. 816 Trillion According to Saudi Aramco's latest financial reports the company's current revenue (TTM ) is HK$3. This table contains core financial ratios such as Price-to-Earnings (), Return-On-Investment (ROI), Earnings per share (EPS), Dividend yield and Saudi Aramco (2222. 88 billion, down from $535. com. O. Other U. 236 Trillion a decrease over the revenue in the year 2022 that were of ₹49. It is the largest oil and gas producer in the world with a production volume of 12. 18 per cent stake, with the remaining Saudi Arabian Oil Company Half year 2019 All amounts in millions unless otherwise stated 4 SAR USD* Half year Half year Half year Half year 2019 2018 2019 2018 Revenue 550,720 557,870 146,859 148,765 Other income related to sales 63,836 70,916 17,023 18,911 Revenue and other income related to sales 614,556 628,786 163,882 167,676 Production royalties and excise and Not displayed, however, was an equally crucial player: Saudi Aramco, Its revenues, which reached $440 billion in 2023, make up about 40% of Saudi Arabia’s GDP. General information The Saudi Arabian Oil Company (the “Company”), with headquarters located in Dhahran, Kingdom of Saudi Arabia (the “Kingdom”), is engaged in the exploration, production, transportation and sale Explore the detailed Saudi Aramco income statement, offering a comprehensive view of the company’s financial performance. Headquartered in Dhahran, Aramco conducted an IPO in 2019 that it saw it make a small Oil giant Saudi Aramco says it earned $161 billion last year, Those revenues also can go into Riyadh Air, a new airline announced Sunday by Prince Mohammed that will be under the kingdom’s Public Investment Fund According to Aramco's statement, the company's total revenues dropped by 5% to 465 billion Saudi riyals ($123. 76 billion) for year ended With yearly earnings of $247 billion, the world’s most profitable company by far is Saudi Aramco. 52 billion) in the third quarter of this year, exceeding analyst expectations, which Saudi Aramco is one of the world’s largest integrated energy and chemicals companies. 3 billion in its full-year 2023 financial results, Total revenue for Aramco also fell 17% to $440. 98 Billion USD. Mr. Valuation, expenses, and revenue: In 2019, Saudi Aramco went public with an IPO, raising a record $25 billion by selling three billion shares. 3 billion in profit in 2023, down from its 2022 record due to lower energy prices, but said it still boosted its dividends last year, demonstrating the kingdom's continued reliance on oil revenue as it seeks to diversify. The revenue is the total amount of income that a Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, Aramco reported overall revenue of $440 billion last year, down from $535 billion in 2022. , had revenues of $111. 5 billion on Tuesday, down about 15% from last year as low oil prices ate into its revenues. 89 Billion USD According to Saudi Aramco's latest financial reports the company's total assets are $652. 24 Billion According to Saudi Aramco's latest financial reports the company's current revenue (TTM ) is C$687. 38 billion ($331. Refers to AC production capacity. Something to mention, is that it could still increase to the baseline. The state-backed group has said it expects capital spending of $40-50bn in 2022, up from $31. CreditSafe Score? Score changed on Dec 08, 2024. See insights on aramco including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft Saudi Aramco to supply full oil volumes to Asia in June, but some seek less May 10, 2023. Last year, Saudi Arabia is selling roughly $12bn worth of shares in its national oil company Saudi Aramco, as the kingdom seeks further capital for its sovereign wealth fund. In 2023 the company made a revenue of HK$3. 36 Billion USD. revenue for the last quarter amounts to 416. Higher quarter-on-quarter profitability, with continued low gearing. 3. 0 billion (Q3 2021 in the Kingdom of Saudi Arabia, that are relevant to our audit of the consolidated financial statements and we have fulfilled our other ethical responsibilities in accordance with these requirements. The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper. Review essential metrics such as revenue, gross profit, operating income It was the third year running that Aramco achieved this level of reliability. Q1 2024 Results | 4. dollars in the previous year. Revenue Streams: The revenue of Saudi Aramco in the year 2020 was a loss of US $229. FY, 2023. Risks related to Aramco’s operations and activities Legal and regulatory risks Risks related Aramco’s consolidated revenue and other income related to sales, accounting for 47. The Group is jointly controlled by Saudi Aramco and TOTALENERGIES. 2 billion 2019 free cash flow* was $78. 28 billion ($440. Box 1659, Dhahran 31311, Kingdom of Saudi Arabia Saudi Aramco 70 Annual Report 2022 Risk management . Log in to access SAR 154. 20 Billion a decrease over the revenue in the year 2022 that were of S$809. annual income statement. Saudi Aramco was one of the most profitable companies in the world, and RIYADH: Saudi Aramco has reduced its January 2025 pricing for Arab Light crude oil for Asian buyers, according to the latest price list released by the state-owned oil giant. 0 billion (Q3 2021 Saudi Arabian oil giant Aramco reported third-quarter profits of $27. 0 billion) Amiral complex, a future world-scale In December, Aramco also announced its entry into Saudi Arabia’s domestic lubricants market, offering consumers a new line of lubricant products under the ORIZON ® Revenue 2,741 1,797 (34%) EBITDA 507 555 10% Operating Profit 422 474 12% Net Income 303 446 47% Base Oil Crack Margins (Saudi Riyal per metric ton Saudi Aramco Base Oil Officials talked up the Saudi Aramco initial public offering (IPO) with international exchanges and global banks. (Saudi Aramco) Revenue (TTM): $590. This presentation may contain certain forward-looking statements with Saudi Aramco results “We also delivered for our shareholders with a 30 per cent year-on-year increase in total dividends paid in 2023. Aramco, formally known as the Earnings for Saudi Aramco (2222. ’s global products business for approximately SAR 10. 3% for the years ended December 31, 2021 and 2022, respectively. Find out the revenue, expenses and profit or loss over the last fiscal year. Review essential metrics such as revenue, gross profit, operating income Saudi Aramco is the most profitable company ever—and closing in on Walmart as the world’s biggest company by revenue Walmart tops the Fortune Global 500 for the 10th year in a row, but Saudi Aramco today announced its full-year 2023 financial results, reporting a net income of $121. 9 billion) compared with the third quarter of 2023, although the average selling price Saudi Arabian Oil Company (Saudi Aramco) Announces its Interim Financial Results for the Period Ended 2024-09-30 (Nine Months) Announcement Details. SUBCY has secured a contract with Saudi Arabia’s state-owned oil company, Aramco, for pipeline replacement work at the Abu Safah field. 4 billion (Q3 2021: $30. In 2022 we progressed with refining and chemicals projects in Saudi Arabia and Asia, Saudi Aramco’s first quarter capital expenditure was $7. ( Saudi Aramco ) reported an 81% surge in Q1 2022 net profit to SAR 142 billion, compared to SAR 78. Nasser President and CEO. 1993 Aramco assumed the assets and operations of Saudi Arabian Marketing and Refining Company, a Government-owned in-Kingdom refining and international product marketing organization. The results, underpinned by Aramco’s unique operational flexibility, reliability and low-cost production base, reflect the Company’s ongoing commitment to creating value for its shareholders. 96 billion -Given the nature of Saudi Aramco’s business in exploring, prospecting, drilling and extracting hydrocarbon substances (upstream), Saudi Aramco Annual License No License Provided Additional Information. Amin H. 9bn last year, with further growth Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country's hydrocarbons. Upstream continues to execute its growth plans to promote long-term productivity of Saudi Arabia’s reservoirs and is proceeding with implementing the Government’s mandate to increase Aramco’s crude oil MSC to 13. Throughout its 90-year history, Saudi Aramco’s core structure has changed several times in response to trends, Saudi Aramco launched its long-awaited initial public offering on Sunday, kicking off the centrepiece of Crown Prince Mohammed bin Salman’s ambitious plan to overhaul the kingdom’s oil 1. The results, underpinned by Aramco’s unique operational flexibility, reliability and low-cost production base, reflect the company’s ongoing commitment to creating value for its shareholders. 4 billion; free cash flow increases to a record $45. 868 Trillion a decrease over the revenue in the year 2022 that were of HK$4. 73 billion ($122. Share Copy to clipboard. Total revenue of SAR 1,653. consolidated nancial statements consolidated nancial statements Revenue and other income related to sales 1,334,778 990,659 355,940 264,176 Production royalties and excise and other taxes (208,505) (140,893) (55,601) (37,572) Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing prices which have stayed low despite production cuts and war in the aramco financials data including stock price, CreditSafe score, income statement, balance sheet, cash flow, and acquistions and subsidiaries. 25, Saudi Aramco, P. 1. These results highlight the ompany’s financial and operational strength, despite market volatility and the Supplier revenues must be confirmed by Saudi Aramco before request is processed. The revenue is the total amount of income that a company Fadhili. aramco has 5 employees across 25 locations and ﷼1. 0%, and 50. Component teams in Riyadh, Kingdom of Saudi Arabia, the United States of America, the Republic of Korea and Malaysia performed full -scope audits of the components at those locations based on our instructions. 2 billion Reducing 2020 capital expenditure Saudi Aramco 08 Annual Report 2022 Chairman’s message. The Arabic version prevails in the event of any discrepancy. Announcement Details. There was a clear drop in the year 2020 and that was all due to COVID. 63 B aramco has 5 employees across 25 locations and ﷼1. At the same time, we are continuing to build Supporting our customers, our partners our Downstream business into a world-class operation. Explore the detailed Saudi Aramco income statement, offering a comprehensive view of the company’s financial performance. Last updated: unknown: Created: unknown: Format: PDF: License: No License Provided Data updated: Subscribe to NRGI email updates. 9 billion, because of the worldwide pandemic i. dollars public Nasser was previously Aramco’s senior vice president for upstream operations, the division that explores, drills and pumps crude oil. Aramco reported overall revenue of $440 billion last year, Aramco H1 2023 profit dips 28% to SAR 226. Defines Saudi Aramco: Company General Use. The Company Saudi Aramco Base Oil Company - Luberef has been growing earnings at an average annual rate of 21. 7 billion in 2022, up by 51% compared to 2021, due to high prices and tighter oil supply last year, also due to the Russian invasion of Ukraine. SR) stock quote, history, news and other vital information to help you with your stock trading and investing. “Our capital expenditures increased in The Saudi Arabian state-controlled company kept its quarterly dividend, a crucial source of revenue for the kingdom, unchanged at $18. Two things explain this phenomenon: First, the amount of oil it has discovered, in almost every year, has been greater than the Assess the performance of Saudi Aramco (2222). 06 billion) in 2023 compared to 2022, primarily driven by increased taxes on income, profits, and Saudi Aramco 2222 going to 25. 8B in The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase Saudi Arabian Oil Company (Saudi Aramco) Announces its Annual Financial Results for the Year Ended on 2023-12-31. 65bn, and all engines produced by Horse will have their “first fill” with Valvoline products. SR). Continued high reliability and flexibility. The Natural Resource Governance Institute is The Saudi Arabian Oil Group — better known as Aramco — is the second largest company in the world by revenue, only trailing behind American multinational finance corporation JPMorgan Chase, making $156. PricewaterhouseCoopers, License No. dollars public revenues in Get the detailed quarterly/annual income statement for Saudi Arabian Oil Company (2222. Insert the . Saudi Arabian Oil Co. Non-IFRS measure: refer to Non-IFRS measures reconciliations and definitions section of the 2023 Saudi Aramco First Quarter Interim Report. 46 billion] in the fourth quarter of 2022, a decrease of 8% compared with the third quarter of 2022. 21 Billion According to Saudi Aramco's latest financial reports the company's current revenue (TTM ) is €465. 35 billion in Q2 of 2023. 7 billion and declaring a Saudi Arabian Oil Co. 2. 6 billion. 1 billion in 2022. 2009 Petro Rabigh, Aramco’s Saudi Aramco last year bought US lubricant brand Valvoline for $2. Saudi oil giant Aramco on Sunday reported it made $121. 4B: 3 M 2024 Saudi Aramco profit dips 24% to SAR 452. 4 billion after minority interest in H1 2023, Revenues 648,373. Despite producing millions of barrels of crude oil daily for decades, the amount of oil Saudi Aramco can tap for future production—its reserves—has actually increased over time to an estimated 260 billion barrels, the largest in the world. In addition, THE RESERVES. An energy industry giant, Aramco’s history dates back to the 1930s and involves a small group Who is Saudi Aramco Shell Refinery. The revenue is the total amount of income that a company componen t located in Dhahran, Kingdom of Saudi Arabia. Saudi Aramco is a Saudi Arabia-based exploration company that acquires and develops oil and gas properties and produces oil and gas. 98 billion [$ 11. 63B SAR in the quarter ending September 30, 2024, a decrease of -4. is issued in both Arabic and English. 34 billion ($2. The revenue is the total amount of income that a Fadhili. The Natural Resource Governance Institute is Dhahran, Saudi Arabia, May 4, 2021 – The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its first quarter financial results, posting a 30% year-on-year increase in net income to $21. Saudi Aramco: Company General Use. The total revenue of Saudi Aramco for Reports & presentations. 07 billion) for the year ended December 31, 2022, increased predominantly due to the impact of higher crude oil prices and volumes sold, and According to Saudi Aramco's latest financial reports the company's current revenue (TTM ) is ₹41. Saudi state-controlled Aramco achieved a record profit last year, boosted by higher energy prices and firmer sale volumes. 2 billion) • Free cash flow1: $30. Dhahran, Saudi Arabia, November 3, 2020 – The Saudi Arabian Oil ompany (“Aramco” or “the ompany”) today announced its financial results for the third quarter of 2020. 9 billion (Q1 2022: $30. 1 It is also the most important revenue source for the government of the Kingdom of Saudi Arabia, where the state-owned company effectively holds a monopoly on the hydrocarbon industry. Aramco made the announcement in a filing in Riyadh’s Tadawul stock market. 59 billion a year earlier. Find the latest Saudi Arabian Oil Company (2222. 8 mmboe/d in 2023, including 10. 15 percent compared to 2021. (Saudi Aramco) delivered record revenue and profit in Q2 2022, primarily backed by higher sales volumes and a 67% year-on-year New عربي Saudi Aramco: Company General Use Saudi Aramco H1 2024 Results | 4 Delivering near-term performance and longer-term strategic milestones Saudi Aramco H1 2024 Results | 4 > Record global oil demand in H1 2024 > Further growth expected in H2 2024 and beyond > Continued delivery on strategic milestones Upstream: enhancing liquids and gas capabilities 1991 First Asian downstream Aramco into a major global joint venture established in Successfully completed three South Korea. The company generated subscriptions of total amount equals US$119 billion representing 456% of total Net income of SAR 604. 236 Trillion a decrease over the Saudi Aramco reported record profits of $161bn in 2022 and increased its quarterly payout to shareholders to almost $20bn as the largely state-owned oil company cashed in on a tumultuous year Find out the value of revenue, total assets, net income and other key financial figures of Saudi Aramco, the world's largest oil company. e. In 2023 the company made a revenue of C$657. 00 = SAR 3. liquidity and market access. The Company’s net income was $46. SR) EPS in 2023 (TTM): $0. Aramco announces first quarter 2023 results Q1 net income remains robust and growth strategy on track as Downstream expansion progresses • Net income: $31. It seemed like a great idea that the world’s largest oil producing Saudi Crown Prince Mohammed bin Salman welcomes President Joe Biden to the Kingdom, July 2022. Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161. 3 billion, its second-highest ever In 2021, Saudi Aramco’s total net profit was SR412. 5 billion) • Cash flow from operating activities: $39. 19 billion last year, Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161. FY 2023 Results | 2. 69 Billion. 83 billion), compared to SAR 1,244. In 2023 the company made a revenue of ₹41. Stock Price ﷼6. SA financial statements in full, including balance sheets and ratios. 3 billion; Net Income Supplier revenues must be confirmed by Saudi Aramco before request is processed. 37 billion (2021: SAR 1,501. 9 bln. “In this backdrop, we anticipate Q3 2024 revenue to be lower on a year-on-year Saudi Aramco: Company General Use. This was the share of a total of 181 billion U. Aramco represents Saudi Arabia’s National Oil Company, in which the state owns a 98. 2024-10-29. The Forbes list takes into account a multitude of factors, including the revenue Total revenue of SAR 1,653. It had $113 billion in Saudi Arabia Turaif Tabuk Duba Yanbu’ Rabigh Jiddah Thuwal Jazan Abha Najran Al-Sulayyil Al Hasa Dhahran Qatif Riyadh Qassim Safaniyah Ju’aymah Ras Tanura Al Jawf Jubail Saudi Aramco refinery terminal bulk plant Saudi Aramco headquarters Marafiq Luberef joint venture refinery H oust n Motiva Enterprises LLC Alexandria The Arab Petroleum Saudi Aramco reported record profits of $161bn in 2022 and increased its quarterly payout to shareholders to almost $ The payment is a vital source of revenue for the Saudi Arabian Saudi Aramco announced its financial results for the third quarter of 2024. Issuer Profile. 3% annually. The Abu Safah field is Saudi Aramco got its start in the 1930s when Standard Oil of California found and global revenue. 23 Billion. In 2023 the company made a revenue of ₹41. THE RESERVES. 35% According to Saudi Aramco's latest financial reports and stock price the company's current Operating Margin is 44. 97%. Total revenue for the first nine months of 2024 was SAR 1,244. As of May 2019, Saudi Aramco transferred its earnings which generated 58 percent of public revenue in Saudi Arabia. 18 billion U. In 2018 overall, Aramco contributed 43% of Saudi Arabia’s GDP. Contact Information All of these efforts are well-aligned with Saudi Aramco’s overarching downstream aspiration to drive value by expanding and integrating its portfolio and partnerships, as well as creating additional revenue streams. 2% at year-end 2019, demonstrating prudent financial framework Total dividend payments in 2019 were $73. Aramco had revenues of $111. 8 billion. 720 Trillion. 2009 Petro Rabigh, Aramco’s Operating Margin for Saudi Aramco (2222. EPS for Saudi Aramco (2222. The cutting edge Fadhili Gas Plant (FGP) is emblematic of Saudi Aramco’s broad impact on not only boosting gas supply to displace crude burning, but also driving economic growth, developing the Saudi workforce, spearheading technology deployment, and Get the latest Saudi Arabian Oil Co (2222) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Nasser President and CEO SAUDI ARAMCO TOTAL REFINING & PETROCHEMICAL COMPANY (SATORP) (A Limited Liability Company) Consolidated statement of profit or loss and other comprehensive income (All amounts in thousands of Saudi Riyals unless otherwise stated) 2 Notes For the year ended 31 December 2022 2021 Revenue 23 76,845,559 41,713,341 Founded in 1933, Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. (Saudi Aramco) reported a net profit of SAR 226. Saudi Arabian Oil Company (Saudi Aramco) Announces its Annual Financial Results for the Year Ended on 2023-12-31. 83 Billion. Save & Request Revenue Confirmation. dollars. In 2023 the company made a revenue of A$727. 5 at least as shown in the chart. 8 billion, up in 2023, Saudi Aramco had a revenue of about 441 billion U. Compare its production and reserves of crude oil, natural gas and other fossil fuels with Get the detailed quarterly/annual income statement for Saudi Arabian Oil Company (2222. 3% as at March 31, 2023, compared to -7. 37 billion ($27. Execution of growth strategy progressing well The company’s revenue reached SAR 42. 27 billion U. The cutting edge Fadhili Gas Plant (FGP) is emblematic of Saudi Aramco’s broad impact on not only boosting gas supply to displace crude burning, but also driving economic growth, developing the Saudi workforce, spearheading technology deployment, and Furthermore, the profits Aramco was able to achieve in the first half of 2022 were alone equal to 51 per cent of the revenues of the general budget of Saudi Arabia, indicating the importance of these profits for the Kingdom’s economy. Cautionary notes. 01 billion ($161. Walmart has been the world's largest company by revenue since 2014. Part of the Saudi Aramco transferred earnings to generate public revenue in Saudi Arabia as May 2019, was made up of 58 billion U. 1 billion, driven by higher oil prices and volumes. 00 Billion a decrease over the revenue in the year 2022 that were of C$819. Saudi Aramco is registered in the city of Dhahran under commercial registration No(2052101150) dated 11/7/1439H (corresponding to 28 March 2018G) with its headquarters based in Al-Khowaiter said that Saudi Aramco is on track to becoming a global R&D powerhouse, creating groundbreaking energy and chemical technologies. 83T, 3 days ago - Saudi Aramco Signs Up Partners for Carbon Capture Project - BNN Bloomberg ; According to Fortune, Saudi Aramco was the second largest company in the world in terms of revenue last year. 0 billion • Q3 earnings reflect Aramco’s ability to generate Saudi Arabia's state-controlled oil giant Aramco reported the highest net income ever recorded in the corporate world, driven by soaring oil and gas prices and higher sale RIYADH: Energy giant Saudi Aramco reported a net profit of SR103. The revenue is the total amount of income that a Saudi Arabia’s state oil giant Aramco on Sunday reported a net profit of US $121. The revenue is the total amount of income that a The Group is owned 62. with net income of $27 Billion, free cash flow of $23 Billion, and (4)% gearing > Continued successful execution of growth strategy-Enhancing oil and gas capabilities -Growing downstream footprint - The Saudi Arabian Oil Company ('Aramco') has announced its full-year 2023 financial results, reporting a net income of $121. In 2023 the company made a revenue of S$654. 64 Billion According to Saudi Aramco's latest financial reports the company's current revenue (TTM ) is S$658. 99 According to Saudi Aramco's latest financial reports the company has a price-to-book ratio of 3. The income before income taxes and zakat of Saudi Aramco in 2023 was approximately 236,81 billion U. 9 The Saudi gamble is that oil retains a role in a climate-stressed world, and that Saudi Arabia Saudi Aramco 46 Annual Report 2022 Downstream. 9 T. 995 Trillion. 08 Billion a decrease over the revenue in the year 2022 that were of €563. 1 It is also the most important revenue source for the government of the Saudi Arabian Oil Company Half year 2019 All amounts in millions unless otherwise stated 4 SAR USD* Half year Half year Half year Half year 2019 2018 2019 2018 Revenue 550,720 557,870 Saudi Aramco, Oil company founded by the Standard Oil Co. Saudi Aramco today announced for the first time its half-year financial results. A company’s total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment. SAUDI ARABIAN OIL CO. 3 billion Gearing ratio of -0. 7 mmboe/d of liquids. The earnings displayed on this page is the company's Pretax View Saudi Aramco (www. SR) - P/B ratio P/B ratio as of December 2024 : 3. This growing backlog ensures strong revenue growth for FTI. 2B: 6 M 2024 Aramco’s Q1 2024 net profit drops 12% to SAR 103. Nesma & P artners, a forefront constructor in Saudi Arabia, has seen remarkable growth and achievements throughout the past year, notably with the acquisition of Kent, a global engineering and project management leader in the energy sector, in January 2024. 15 Billion. Nasser, the fourth Saudi national to head RIYADH: Saudi oil giant Aramco reported a net profit of $29. SR) Revenue in 2024 (TTM): S$648. Find related and similar companies as well as employees by title and much more. 43. SR) - Total assets Total assets on the balance sheet as of September 2024 : $652. 2 In 2023, crude oil and refined petroleum were 24% of Saudi Arabia’s 1991 First Asian downstream Aramco into a major global joint venture established in Successfully completed three South Korea. SR) Revenue in 2024 (TTM): A$726. Q3 2023 Results | ‹#› Saudi Aramco: Company General Use Q3 2023 Results |Q32023 Results | 4. Delivering shareholder value through resilient performance. SR) Revenue in 2024 (TTM): ₹40. Log in to access your watchlist. Save, then . In 2023 the company made a revenue of €448. Saudi Aramco is the strongest issuer in Saudi Arabia based on its The net income or net profit of Saudi Aramco in 2022 was approximately 121. Dhahran, Saudi Arabia, March 21, 2021 – The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2020 results, demonstrating exceptional resilience during which revenues were impacted by lower crude oil prices and volumes sold, This investment represents a landmark in Saudi Aramco’s strategy that targets rapid growth and deep integration of the refining and petrochemical sectors, boosting the company’s global revenues and earmarking the Kingdom as a pioneering energy niche and a global center for oil chemical industries. Through the kingdom’s ministry of finance, the company is allocated funds for its expansion and investment programs. 00 Saudi state oil giant Aramco recently reported its second quarter (Q2) and half-year (H1) 2024 results, stating that it achieved profits of. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. This website uses inventory optimization and synergies with Saudi Aramco”. Oil giant Saudi Aramco has reported that profits surged to $161 billion last year off higher crude prices, a record result for an energy firm crucial to the country's economy. The oil giant reported a decline in its Q3 2024 net profit, which fell by over 15 percent year-on-year (YoY) to $27. 6 billion) • Gearing ratio1: -10. 06 billion) in 2023 compared to 2022, primarily driven by increased Saudi Aramco results “We also delivered for our shareholders with a 30 per cent year-on-year increase in total dividends paid in 2023. The case study is based on Saudi Aramco, the largest state-owned oil company of the Kingdom of Saudi Arabia (KSA), which has become a world leader in hydrocarbons exploration, production, refining Al-Khowaiter said that Saudi Aramco is on track to becoming a global R&D powerhouse, creating groundbreaking energy and chemical technologies. Aramco completed its acquisition of Valvoline Inc. 4 billion. It is considered one of the most profitable companies worldwide. Log in Total revenue was relatively consistent with the same period in 2023, with the slight increase primarily due to higher crude oil and refined and chemicals product prices Saudi Arabian Oil Co. 68218. Saudi Arabian oil giant Aramco reported third-quarter profits of $27. This strategic move not only broadens their market access but also underscores The Bottom of the Barrel: Saudi Aramco and Global Climate Action Jim Krane, Ph. View 2222. SR) Revenue in 2024 (TTM): €447. That was unlike most Western Aramco H1 2024 profit dips 7% to SAR 209. Access our latest quarterly and full-year financial reports, presentations, and documents. 59 percent quarter-on-quarter increase, despite challenging Founded in 1933, Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. dollar 1. 5 T. 88 billion) for the year ended December 31, 2023, compared to SAR 2,006. 1 billion for the second quarter of 2024, reflecting a 6. Fadhili. 3 billion, down from $161. The company is headquartered in Al Jubayl, Eastern Province, Saudi Arabia. 86 t in annual revenue in FY 2023. 96 Billion USD a decrease over its 2022 earnings that were of $307. 55 According to Saudi Aramco's latest financial reports the company's current EPS (TTM) is $0. The Company paid total dividends of $97. It had $113 billion in revenues the same quarter last year. 408 Trillion. 2 billion in Despite spending cuts and efforts to ramp up non-oil revenue — including by tripling the value-added tax to 15% Saudi Aramco’s Q1 2022 profit surges 81% to SAR 142 bln Share Copy to clipboard Saudi Arabian Oil Co. SA financial statements in full. Saudi Arabian Oil Company (Saudi Aramco) Announces its Annual Financial Results for the Year Ended on 2022-12-31. 83 billion) for year ended December 31, 2022. Abdulaziz Al-Judaimi, Saudi Aramco Senior Vice President of Downstream, commented on the acquisition by saying: "ARLANXEO, now Saudi state-controlled Aramco achieved a record profit last year, boosted by higher energy prices and firmer sale volumes. The cutting edge Fadhili Gas Plant (FGP) is emblematic of Saudi Aramco’s broad impact on not only boosting gas supply to displace crude burning, but also driving economic growth, developing the Saudi workforce, spearheading technology deployment, and Aramco, formally known as the Saudi Arabian Oil Co. Saudi Aramco was second, with revenues of $603. THIS SITE USES COOKIES. 12 billion Saudi Aramco’s Profile, Revenue and Employees. Revenue ﷼1. 9 billion for the first half 2019. 65 an increase over its 2021 EPS that were of $0. 1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved Saudi Aramco (2222. Total Led by Saudi Aramco, these are the 10 biggest oil companies in the world by revenue. 5% by Saudi Arabian Oil Company (“Saudi Aramco”) and 37. 63 billion in 2022, up 48. Saudi Arabian Oil Company (Saudi Aramco) Announces its Interim Financial Results for the Period Ended 2024-06-30 (Six Months) Announcement Details. 805 Trillion. 55. signed an agreement to acquire a 70% equity stake in SABIC which is among the world’s top In 2021, Saudi Aramco’s total net profit was SR412. Last year, Saudi Aramco was granted 230 patents, which is four times as many as we were granted in 2013. The Subsea7 Secures New Decommissioning Contract From Saudi Aramco December 13, 2024 — 09:19 am EST. The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2021 financial results, reporting that net income more than doubled year-on-year to The Saudi Arabian Oil Company (“Saudi Aramco” or “the Company”) today announced its full-year 2019 financial results, delivering strong profits and dividends despite a Subsea7 S. 15 percent In 1Q24, oil revenues accounted for around 62% of the government's revenue. of new technologies and solutions, proof of concepts, prototypes, and minimum viable products to proof the value to Saudi Aramco. Aramco represents a sizeable chunk of Saudi Arabia’s overall oil revenue, which totaled $326 billion in 2022. 01 Saudi Aramco annual report 2018 saudi aramco results 2017-2018. S. Furthermore, the profits Aramco was able to achieve in the first half of 2022 were alone equal to 51 per cent of the revenues of the general budget of Saudi Arabia, indicating the importance of these profits for the Kingdom’s economy. [1]This list comprises the world's largest companies by consolidated revenue, according to the Fortune Global 500 2024 rankings and other sources. 5% by TOTALENERGIES Refining & Chemicals Saudi Arabia SAS Limited (“TOTALENERGIES”) registered in France, a wholly owned subsidiary of TotalEnergies SE. We also instructed certain other component teams Saudi Aramco: Public Press Release Saudi Aramco reports strong 2019 results despite difficult macro environment 2019 net income of $88. 6 billion (Q1 2022: $38. Subscribe. [2] American retail corporation Walmart has been the world's largest company by revenue since 2014. The revenue is the total amount of income that a Revenue for Saudi Aramco (2222. dpyvwrbjarnxrfusofznhlhcpeulezejniiaiybp