Financial Results : Saudi Aramco posts 24% profit rise after minority interest to SAR 78.59 bln in Q1 2021

Saudi Aramco posts 24% profit rise after minority interest to SAR 78.59 bln in Q1 2021

04/05/2021 Argaam Exclusive

View other reports

Saudi Arabian Oil Co. (Saudi Aramco) posted a 24% rise in net profit after minority interest to SAR 78.59 billion for the first quarter, compared to net profit of SAR 63.53 billion in the year-earlier period.  



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 250,345.00 300,157.00 19.9 %
Gross Income 151,436.00 185,432.00 22.4 %
Operating Income 129,732.00 151,887.00 17.1 %
Net Income 63,532.00 78,590.00 23.7 %
Average Shares 242,000.00 242,000.00 -
EPS (Riyals) 0.26 0.32 23.7 %

The profit rise was spurred by higher crude oil prices, improved downstream margins and the consolidation of SABIC’s results, partly offset by lower crude oil volumes sold.

When compared to Q4 2020, the first-quarter net profit jumped 55% from SAR 52.46 billion. The increase primarily reflects the impact of higher crude oil prices and improved downstream margins, partly offset by a decrease in crude oil volumes sold.

 

Shareholders’ equity, after minority interest, declined 5.6% to SAR 1.010 trillion in 2020, from SAR 1.069 trillion a year earlier.

 

Saudi Aramco reported strong operating cash flows of SAR 99.3 billion in Q1 2021.

 

The first-quarter free cash flow of SAR 68.5 billion in Q1 2021.

 

Saudi Aramco’s capital expenditures stood at SAR 30.8 billion for the same period.

 

Gearing ratio stood at 23% by the end of March 2021.

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.