Saudi Arabian Oil Co. (Saudi Aramco) reported an 86% surge in H1 2022 net profit after minority interest to SAR 315.8 billion, compared to SAR 169.5 billion a year earlier, backed by higher crude oil prices and volumes sold, as well as better downstream margins.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 650,107.00 | 1,165,270.00 | 79.2 % |
| Gross Income | 400,611.00 | 690,765.00 | 72.4 % |
| Operating Income | 331,002.00 | 602,194.00 | 81.9 % |
| Net Income | 169,492.00 | 315,807.00 | 86.3 % |
| Average Shares | 242,000.00 | 242,000.00 | - |
| EPS (Riyals) | 0.70 | 1.30 | 86.3 % |
In Q2 2022, net profit after Zakat and tax soared 91% to SAR 173.8 billion, from SAR 90.9 billion on higher crude oil prices and volumes sold, as well as improved refining margins.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 349,950.00 | 648,373.00 | 85.3 % |
| Gross Income | 215,179.00 | 371,593.00 | 72.7 % |
| Operating Income | 179,115.00 | 324,489.00 | 81.2 % |
| Net Income | 90,902.00 | 173,795.00 | 91.2 % |
| Average Shares | 242,000.00 | 242,000.00 | - |
| EPS (Riyals) | 0.38 | 0.72 | 91.2 % |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 516,897.00 | 648,373.00 | 25.4 % |
| Gross Income | 319,172.00 | 371,593.00 | 16.4 % |
| Operating Income | 277,705.00 | 324,489.00 | 16.8 % |
| Net Income | 142,012.00 | 173,795.00 | 22.4 % |
| Average Shares | 242,000.00 | 242,000.00 | - |
| EPS (Riyals) | 0.59 | 0.72 | 22.4 % |
On a sequential basis, the second-quarter net profit rose by 22.4% from SAR 142.01 billion.
Shareholders’ equity, after minority interest, increased by 26.48% to SAR 1.302 trillion as of June 30, 2022, from SAR 1.029 trillion a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}