‎Saudi Aramco net profit more than doubles to SAR 291 bln in 9M 2021

‎Saudi Aramco net profit more than doubles to SAR 291 bln in 9M 2021

Take a Tour























31/10/2021

Argaam Exclusive

















Saudi Arabian Oil Co. (Saudi Aramco) reported an over twofold rise in net profit after Zakat and tax to SAR 291 billion for the first nine months of 2021, compared to SAR 131.3 billion in the year-earlier period.









The profit surge was fueled by higher crude oil prices, improved margins from refining and chemicals and the consolidation of SABIC’s results.











Current Quarter Comparison (M)















Item

Q3 2020

Q3 2021

Change‬









Revenues





200,060.00









359,090.00





79.5 %





Gross Income

-

-

-





Operating Income





96,046.00









212,810.00





121.6 %





Net Income





44,210.00









114,090.00





158.1 %





Average Shares





200,000.00









200,000.00





-





EPS (Riyals)





0.22









0.57





158.1