Saudi Arabian Oil Company (Saudi Aramco) Announces its Annual Financial Results for the Year Ended on 2022-12-31
- Date: 12-Mar-2023
- Source: Mubasher
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Arabian Oil Company (Saudi Aramco) Announces its Annual Financial Results for the Year Ended on 2022-12-31
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is
|| Net income of SAR 604.01 billion ($161.07 billion) for the year ended December 31, 2022, increased predominantly due to the impact of higher crude oil prices and volumes sold, and stronger refining margins, when compared to net income of SAR 412.40 billion ($109.97 billion) in 2021.
|
| Additional Information
|| * Given the nature of Saudi Aramco’s business in exploring, prospecting, drilling and extracting hydrocarbon substances (Upstream), Saudi Aramco’s consolidated statement of income does not include gross profit.
|
**Other income related to sales was SAR 259.42 billion (2021: SAR 154.83 billion) for year ended December 31, 2022. As a result, revenue and other income related to sales amounted to SAR 2,266.37 billion (2021: SAR 1,501.76 billion) for year ended December 31, 2022.
Select Sector 
Select Country 
