Saudi Arabian Oil Company (Saudi Aramco) Announces its Annual Financial Results for the Year Ended on 2023-12-31

Saudi Arabian Oil Company (Saudi Aramco) Announces its Annual Financial Results for the Year Ended on 2023-12-31

Total Share Holders Equity (After Deducting the Minority Equity)

1,534.61

1,448.92

5.91

Profit (Loss) per Share

1.87

2.47

All figures are in (Billions) Saudi Arabia, Riyals

Element List

Amount

Percentage of the capital (%)

Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value

All figures are in (Billions) Saudi Arabia, Riyals

Element List

Explanation

The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year

Total revenue of SAR 1,653.28 billion ($440.88 billion) for the year ended December 31, 2023, compared to SAR 2,006.96 billion ($535.19 billion) for the year ended December 31, 2022. The decrease was primarily attributable to lower crude oil prices and lower volumes sold, as well as lower refining and chemicals products prices.

The reason of the increase (decrease) in the net profit during the current year compared to the last year is

Net income of SAR 454.76 billion ($121.27 billion) for the year ended December 31, 2023, compared to SAR 604.01 billion ($161.07 billion) for the year ended December 31, 2022. The decrease mainly reflects the impact of lower crude oil prices and lower volumes sold, and weakening refining and chemicals margins. This was partially offset by a decrease in production royalties, and lower income taxes and zakat.

Statement of the type of external