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(Saudi Aramco) reported a net profit of SAR 226.4 billion after minority interest in H1 2023, a drop of 28% from SAR 315.8 billion a year earlier.

Q4 2022 net income is in line with analyst estimates, excluding certain non-cash items of around $3.3 billion. Free cash flow* reached a record $148.5 billion in 2022, compared to $107.5 billion in 2021.

Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Group or simply Aramco, is the state owned petroleum and natural gas company of Saudi Arabia. As of 2022, it is the second largest company in the world by revenue and is headquartered in Dhahran.

Even more impressively, Saudi Aramco earned $159 billion in net income, racking up the most profitable year ever for a Global 500 company.

Credit: rafapress via Shutterstock. Saudi Aramco has reported a net income of $30.08bn (SR112. 8bn) in the second quarter of 2023, a 37.9% decline compared with the same period last year.

Saudi Aramco reports record profit of $161.1 billion in 2022, more than Google, Amazon, Microsoft and Tesla combined.

Income before income taxes and zakat for the second quarter of 2023 was SAR 217,431 ($57,982), compared to SAR 329,794 ($87,946) for the same quarter in 2022. The decrease mainly reflected the impact of lower crude oil prices and weakening refining and chemicals margins.

An oil company may produce or distribute a variety of petrochemical and petroleum products like gasoline, diesel, kerosene, synthetic rubbers, and jet fuel. Saudi Aramco is the world's largest integrated oil and gas company and its stock is not traded in the United States.

Gas compression projects at the Haradh and Hawiyah fields continued commissioning activities and are anticipated to be fully onstream in 2023. Hawiyah Gas Plant expansion, part of the Haradh gas increment programme, continued commissioning activities and is expected to be onstream in 2023.

Holdings NameEquitiesValuationSAUDI ARAMCO BASE OIL COMPANY - LUBEREF 70.00%118,125,0004,686,700,331 $SAUDI BASIC INDUSTRIES CORPORATION 70.00%2,100,000,00046,195,065,000 $SABIC AGRI-NUTRIENTS COMPANY 50.10%238,492,2348,457,621,475 $THE POWER AND WATER UTILITY COMPANY FOR JUBAIL AND YANBU 17.50%43,750,000730,255,313 $2 more rows

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232