Saudi Arabian Oil Co. (Saudi Aramco) reported a drop in Q1 2023 net profit to SAR 117.5 billion, from SAR 142 billion in the prior-year period.
Item | Q1 2022 | Q1 2023 | Change |
---|---|---|---|
Revenues | 516,897.00 | 459,833.00 | (11.0 %) |
Gross Income | 319,172.00 | 260,337.00 | (18.4 %) |
Operating Income | 277,705.00 | 222,328.00 | (19.9 %) |
Net Income | 142,012.00 | 117,471.00 | (17.3 %) |
Average Shares | 242,000.00 | 242,000.00 | - |
EPS (Riyals) | 0.59 | 0.49 | (17.3 %) |
Item | Q4 2022 | Q1 2023 | Change |
---|---|---|---|
Revenues | 487,168.00 | 459,833.00 | (5.6 %) |
Gross Income | 289,767.00 | 260,337.00 | (10.2 %) |
Operating Income | 241,649.00 | 222,328.00 | (8.0 %) |
Net Income | 125,340.00 | 117,471.00 | (6.3 %) |
Average Shares | 242,000.00 | 242,000.00 | - |
EPS (Riyals) | 0.52 | 0.49 | (6.3 %) |
The decline was attributed to lower crude oil prices. However, this was partially offset by lower income tax and Zakat expenses, along with higher finance and other income.
The first-quarter net profit declined 6.3% from SAR 125.34 billion in Q4 2022 on lower crude oil prices.
Shareholders’ equity, after minority interest, rose to SAR 1.49 trillion as of March 31, 2023, from SAR 1.19 trillion a year earlier.
Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
---|---|---|---|---|---|---|---|
Q1 2014 | - | - | - | - | - | - | - |
Q2 2014 | - | - | - | - | - | - | - |
Q3 2014 | - | - | - | - | - | - | - |
Q4 2014 | - | - | - | - | - | - | - |
2014 | - | - | - | - | - | - | - |
Q1 2015 | - | - | - | - | - | - | - |
Q2 2015 | - | - | - | - | - | - | - |
Q3 2015 | - | - | - | - | - | - | - |
Q4 2015 | - | - | - | - | - | - | - |
2015 | - | - | - | - | - | - | - |
Q1 2016 | - | - | - | - | - | - | - |
Q2 2016 | - | - | - | - | - | - | - |
Q3 2016 | - | - | - | - | - | - | - |
Q4 2016 | - | - | - | - | - | - | - |
2016 | 504,596.00 | - | 391,909.00 | - | 48,349.00 | - | 0.20 |
Q1 2017 | - | - | - | - | - | - | - |
Q2 2017 | - | - | - | - | - | - | - |
Q3 2017 | - | - | - | - | - | - | - |
Q4 2017 | - | - | - | - | - | - | - |
2017 | 990,659.00 | 96.3 % | 652,986.00 | 66.6 % | 283,198.00 | 485.7 % | 1.17 |
Q1 2018 | 287,510.00 | - | 193,232.00 | - | 91,787.00 | - | 0.38 |
Q2 2018 | 341,276.00 | - | 222,990.00 | - | 106,574.00 | - | 0.44 |
Q3 2018 | 363,374.00 | - | 240,041.00 | - | 113,375.00 | - | 0.47 |
Q4 2018 | 354,857.00 | - | 216,943.00 | - | 104,460.00 | - | 0.43 |
2018 | 1,347,017.00 | 36.0 % | 873,206.00 | 33.7 % | 416,196.00 | 47.0 % | 1.72 |
Q1 2019 | 297,634.00 | 3.5 % | 187,277.00 | (3.1 %) | 83,226.00 | (9.3 %) | 0.34 |
Q2 2019 | 322,307.00 | (5.6 %) | 202,770.00 | (9.1 %) | 92,791.00 | (12.9 %) | 0.38 |
Q3 2019 | 304,646.00 | (16.2 %) | 185,810.00 | (22.6 %) | 79,788.00 | (29.6 %) | 0.33 |
Q4 2019 | 312,198.00 | (12.0 %) | 188,077.00 | (13.3 %) | 75,011.00 | (28.2 %) | 0.31 |
2019 | 1,236,785.00 | (8.2 %) | 763,934.00 | (12.5 %) | 330,816.00 | (20.5 %) | 1.37 |
Q1 2020 | 250,345.00 | (15.9 %) | 151,436.00 | (19.1 %) | 63,532.00 | (23.7 %) | 0.26 |
Q2 2020 | 139,354.00 | (56.8 %) | 81,121.00 | (60.0 %) | 25,370.00 | (72.7 %) | 0.10 |
Q3 2020 | 228,594.00 | (25.0 %) | 129,379.00 | (30.4 %) | 44,278.00 | (44.5 %) | 0.18 |
Q4 2020 | 243,798.00 | (21.9 %) | 147,432.00 | (21.6 %) | 51,746.00 | (31.0 %) | 0.21 |
2020 | 862,091.00 | (30.3 %) | 509,368.00 | (33.3 %) | 184,926.00 | (44.1 %) | 0.76 |
Q1 2021 | 300,157.00 | 19.9 % | 185,432.00 | 22.4 % | 78,590.00 | 23.7 % | 0.32 |
Q2 2021 | 349,950.00 | 151.1 % | 215,179.00 | 165.3 % | 90,902.00 | 258.3 % | 0.38 |
Q3 2021 | 405,382.00 | 77.3 % | 248,234.00 | 91.9 % | 109,072.00 | 146.3 % | 0.45 |
Q4 2021 | 446,269.00 | 83.0 % | 271,963.00 | 84.5 % | 116,639.00 | 125.4 % | 0.48 |
2021 | 1,501,758.00 | 74.2 % | 920,808.00 | 80.8 % | 395,203.00 | 113.7 % | 1.63 |
Q1 2022 | 516,897.00 | 72.2 % | 319,172.00 | 72.1 % | 142,012.00 | 80.7 % | 0.59 |
Q2 2022 | 648,373.00 | 85.3 % | 371,593.00 | 72.7 % | 173,795.00 | 91.2 % | 0.72 |
Q3 2022 | 613,935.00 | 51.4 % | 343,282.00 | 38.3 % | 156,068.00 | 43.1 % | 0.64 |
Q4 2022 | 487,168.00 | 9.2 % | 289,767.00 | 6.5 % | 125,340.00 | 7.5 % | 0.52 |
2022 | 2,266,373.00 | 50.9 % | 1,323,814.00 | 43.8 % | 597,215.00 | 51.1 % | 2.47 |
Q1 2023 | 459,833.00 | (11.0 %) | 260,337.00 | (18.4 %) | 117,471.00 | (17.3 %) | 0.49 |
Period | Revenues | Change | Gross Income | Change | Net Income | Change | EPS(Riyal) |
---|---|---|---|---|---|---|---|
2013 | - | - | - | - | - | - | - |
2014 | - | - | - | - | - | - | - |
2015 | - | - | - | - | - | - | - |
2016 | 504,596.00 | - | 391,909.00 | - | 48,349.00 | - | 0.20 |
2017 | 990,659.00 | 96.3 % | 652,986.00 | 66.6 % | 283,198.00 | 485.7 % | 1.17 |
2018 | 1,347,017.00 | 36.0 % | 873,206.00 | 33.7 % | 416,196.00 | 47.0 % | 1.72 |
2019 | 1,236,785.00 | (8.2 %) | 763,934.00 | (12.5 %) | 330,816.00 | (20.5 %) | 1.37 |
2020 | 862,091.00 | (30.3 %) | 509,368.00 | (33.3 %) | 184,926.00 | (44.1 %) | 0.76 |
2021 | 1,501,758.00 | 74.2 % | 920,808.00 | 80.8 % | 395,203.00 | 113.7 % | 1.63 |
2022 | 2,266,373.00 | 50.9 % | 1,323,814.00 | 43.8 % | 597,215.00 | 51.1 % | 2.47 |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2014 | - | - | - |
Q2 2014 | - | - | - |
Q3 2014 | - | - | - |
Q4 2014 | - | - | - |
2014 | - | - | - |
Q1 2015 | - | - | - |
Q2 2015 | - | - | - |
Q3 2015 | - | - | - |
Q4 2015 | - | - | - |
2015 | - | - | - |
Q1 2016 | - | - | - |
Q2 2016 | - | - | - |
Q3 2016 | - | - | - |
Q4 2016 | - | - | - |
2016 | 77.67 % | 67.24 % | 9.58 % |
Q1 2017 | - | - | - |
Q2 2017 | - | - | - |
Q3 2017 | - | - | - |
Q4 2017 | - | - | - |
2017 | 65.91 % | 62.59 % | 28.59 % |
Q1 2018 | - | - | - |
Q2 2018 | - | - | - |
Q3 2018 | - | - | - |
Q4 2018 | 64.83 % | 60.87 % | 30.90 % |
2018 | 64.83 % | 62.34 % | 30.90 % |
Q1 2019 | 63.90 % | 60.72 % | 30.04 % |
Q2 2019 | 63.30 % | 60.72 % | 29.43 % |
Q3 2019 | 61.96 % | 59.63 % | 28.16 % |
Q4 2019 | 61.77 % | 58.63 % | 26.75 % |
2019 | 61.77 % | 58.63 % | 26.75 % |
Q1 2020 | 61.21 % | 58.08 % | 26.16 % |
Q2 2020 | 60.25 % | 56.37 % | 24.21 % |
Q3 2020 | 59.11 % | 54.36 % | 22.37 % |
Q4 2020 | 59.09 % | 53.31 % | 21.45 % |
2020 | 59.09 % | 53.31 % | 21.45 % |
Q1 2021 | 59.59 % | 53.40 % | 21.93 % |
Q2 2021 | 60.35 % | 55.00 % | 23.65 % |
Q3 2021 | 61.29 % | 56.62 % | 25.42 % |
Q4 2021 | 61.32 % | 57.10 % | 26.32 % |
2021 | 61.32 % | 57.10 % | 26.32 % |
Q1 2022 | 61.36 % | 57.26 % | 26.69 % |
Q2 2022 | 60.04 % | 56.02 % | 26.70 % |
Q3 2022 | 58.68 % | 54.71 % | 26.31 % |
Q4 2022 | 58.41 % | 54.52 % | 26.20 % |
2022 | 58.41 % | 54.52 % | 26.20 % |
Q1 2023 | 57.26 % | 53.47 % | 25.56 % |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
2013 | - | - | - |
2014 | - | - | - |
2015 | - | - | - |
2016 | 77.67 % | 67.24 % | 9.58 % |
2017 | 65.91 % | 62.59 % | 28.59 % |
2018 | 64.83 % | 62.34 % | 30.90 % |
2019 | 61.77 % | 58.63 % | 26.75 % |
2020 | 59.09 % | 53.31 % | 21.45 % |
2021 | 61.32 % | 57.10 % | 26.32 % |
2022 | 58.41 % | 54.52 % | 26.20 % |
Period | Gross Margin | OIBDA Margin | Net Margin Before Unusual Items |
---|---|---|---|
Q1 2014 | - | - | - |
Q2 2014 | - | - | - |
Q3 2014 | - | - | - |
Q4 2014 | - | - | - |
Q1 2015 | - | - | - |
Q2 2015 | - | - | - |
Q3 2015 | - | - | - |
Q4 2015 | - | - | - |
Q1 2016 | - | - | - |
Q2 2016 | - | - | - |
Q3 2016 | - | - | - |
Q4 2016 | - | - | - |
Q1 2017 | - | - | - |
Q2 2017 | - | - | - |
Q3 2017 | - | - | - |
Q4 2017 | - | - | - |
Q1 2018 | 67.21 % | - | 31.92 % |
Q2 2018 | 65.34 % | - | 31.23 % |
Q3 2018 | 66.06 % | 62.71 % | 31.20 % |
Q4 2018 | 61.14 % | 59.90 % | 29.44 % |
Q1 2019 | 62.92 % | 60.14 % | 27.96 % |
Q2 2019 | 62.91 % | 59.94 % | 28.79 % |
Q3 2019 | 60.99 % | 58.49 % | 26.19 % |
Q4 2019 | 60.24 % | 55.99 % | 24.03 % |
Q1 2020 | 60.49 % | 57.81 % | 25.38 % |
Q2 2020 | 58.21 % | 50.01 % | 18.21 % |
Q3 2020 | 56.60 % | 51.00 % | 19.37 % |
Q4 2020 | 60.47 % | 52.74 % | 21.22 % |
Q1 2021 | 61.78 % | 57.35 % | 26.18 % |
Q2 2021 | 61.49 % | 57.16 % | 25.98 % |
Q3 2021 | 61.23 % | 57.95 % | 26.91 % |
Q4 2021 | 60.94 % | 56.10 % | 26.14 % |
Q1 2022 | 61.75 % | 57.78 % | 27.47 % |
Q2 2022 | 57.31 % | 53.36 % | 26.33 % |
Q3 2022 | 55.92 % | 52.57 % | 25.42 % |
Q4 2022 | 59.48 % | 55.09 % | 25.63 % |
Q1 2023 | 56.62 % | 53.13 % | 24.57 % |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
Q1 2014 | - | - | - | - |
Q2 2014 | - | - | - | - |
Q3 2014 | - | - | - | - |
Q4 2014 | - | - | - | - |
Q1 2015 | - | - | - | - |
Q2 2015 | - | - | - | - |
Q3 2015 | - | - | - | - |
Q4 2015 | - | - | - | - |
Q1 2016 | - | - | - | - |
Q2 2016 | - | - | - | - |
Q3 2016 | - | - | - | - |
Q4 2016 | - | - | - | - |
Q1 2017 | - | - | - | - |
Q2 2017 | - | - | - | - |
Q3 2017 | - | - | - | - |
Q4 2017 | - | - | - | - |
Q1 2018 | 242,000.00 | - | - | - |
Q2 2018 | 242,000.00 | - | - | - |
Q3 2018 | 242,000.00 | - | - | - |
Q4 2018 | 242,000.00 | 1.72 | 1.72 | 4.20 |
Q1 2019 | 242,000.00 | 1.68 | 1.68 | - |
Q2 2019 | 242,000.00 | 1.63 | 1.63 | 4.19 |
Q3 2019 | 242,000.00 | 1.49 | 1.49 | 4.29 |
Q4 2019 | 242,000.00 | 1.37 | 1.37 | 4.28 |
Q1 2020 | 242,000.00 | 1.29 | 1.29 | 4.42 |
Q2 2020 | 242,000.00 | 1.01 | 1.01 | 4.24 |
Q3 2020 | 242,000.00 | 0.86 | 0.86 | 4.15 |
Q4 2020 | 242,000.00 | 0.76 | 0.76 | 4.09 |
Q1 2021 | 242,000.00 | 0.83 | 0.83 | 4.18 |
Q2 2021 | 242,000.00 | 1.10 | 1.10 | 4.25 |
Q3 2021 | 242,000.00 | 1.36 | 1.36 | 4.41 |
Q4 2021 | 242,000.00 | 1.63 | 1.63 | 4.60 |
Q1 2022 | 242,000.00 | 1.90 | 1.90 | 4.95 |
Q2 2022 | 242,000.00 | 2.24 | 2.23 | 5.38 |
Q3 2022 | 242,000.00 | 2.43 | 2.42 | 5.74 |
Q4 2022 | 242,000.00 | 2.47 | 2.45 | 5.99 |
Q1 2023 | 242,000.00 | 2.37 | 2.33 | 6.16 |
Period | Shares Outstanding (M) | EPS (Riyal) | Adjusted EPS (Riyal) | Book Value (BV) |
---|---|---|---|---|
2013 | - | - | - | - |
2014 | - | - | - | - |
2015 | - | - | - | - |
2016 | 242,000.00 | 0.20 | 0.20 | 2.99 |
2017 | 242,000.00 | 1.17 | 1.17 | 3.36 |
2018 | 242,000.00 | 1.72 | 1.72 | 4.20 |
2019 | 242,000.00 | 1.37 | 1.37 | 4.28 |
2020 | 242,000.00 | 0.76 | 0.76 | 4.09 |
2021 | 242,000.00 | 1.63 | 1.63 | 4.60 |
2022 | 242,000.00 | 2.47 | 2.45 | 5.99 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
Q1 2014 | - | - | - |
Q2 2014 | - | - | - |
Q3 2014 | - | - | - |
Q4 2014 | - | - | - |
Q1 2015 | - | - | - |
Q2 2015 | - | - | - |
Q3 2015 | - | - | - |
Q4 2015 | - | - | - |
Q1 2016 | - | - | - |
Q2 2016 | - | - | - |
Q3 2016 | - | - | - |
Q4 2016 | - | - | - |
Q1 2017 | - | - | - |
Q2 2017 | - | - | - |
Q3 2017 | - | - | - |
Q4 2017 | - | - | - |
Q1 2018 | - | - | - |
Q2 2018 | - | - | - |
Q3 2018 | - | - | - |
Q4 2018 | - | - | - |
Q1 2019 | - | - | - |
Q2 2019 | - | - | - |
Q3 2019 | - | - | - |
Q4 2019 | 21.32 | 21.32 | 6.81 |
Q1 2020 | 19.39 | 19.39 | 5.64 |
Q2 2020 | 26.68 | 26.68 | 6.34 |
Q3 2020 | 34.50 | 34.50 | 7.15 |
Q4 2020 | 37.87 | 37.87 | 7.07 |
Q1 2021 | 36.02 | 36.02 | 7.13 |
Q2 2021 | 26.45 | 26.45 | 6.82 |
Q3 2021 | 21.81 | 21.81 | 6.74 |
Q4 2021 | 18.12 | 18.12 | 6.43 |
Q1 2022 | 18.80 | 18.80 | 7.20 |
Q2 2022 | 15.76 | 15.85 | 6.56 |
Q3 2022 | 13.40 | 13.47 | 5.68 |
Q4 2022 | 11.83 | 11.90 | 4.87 |
Q1 2023 | 12.41 | 12.58 | 4.76 |
Period | P/E | Adjusted P/E | Price/book |
---|---|---|---|
2013 | - | - | - |
2014 | - | - | - |
2015 | - | - | - |
2016 | - | - | - |
2017 | - | - | - |
2018 | - | - | - |
2019 | 21.32 | 21.32 | 6.81 |
2020 | 37.87 | 37.87 | 7.07 |
2021 | 18.12 | 18.12 | 6.43 |
2022 | 11.83 | 11.90 | 4.87 |
Q1 2023
2023
Period | upstream | Downstream | companies | Eliminations |
---|---|---|---|---|
Q1 2019 | 237,105.00 | 122,907.00 | 339.00 | (62717.00) |
Q2 2019 | 257,113.00 | 136,125.00 | 345.00 | (71276.00) |
Q3 2019 | 236,714.00 | 130,565.00 | 362.00 | (62995.00) |
Q4 2019 | 239,463.00 | 137,822.00 | 593.00 | (65680.00) |
Q1 2020 | 192,737.00 | 112,283.00 | 484.00 | (55159.00) |
Q2 2020 | 95,490.00 | 71,739.00 | 409.00 | (28284.00) |
Q3 2020 | 154,065.00 | 121,906.00 | 363.00 | (47740.00) |
Q4 2020 | 163,178.00 | 135,293.00 | 414.00 | (55087.00) |
Q1 2021 | 201,388.00 | 166,121.00 | 365.00 | (67717.00) |
Q2 2021 | 228,034.00 | 194,912.00 | 385.00 | (73381.00) |
Q3 2021 | 275,054.00 | 220,726.00 | 308.00 | (90706.00) |
Q4 2021 | 310,961.00 | 241,269.00 | 720.00 | (106681.00) |
Q1 2022 | 368,363.00 | 269,210.00 | 395.00 | (121071.00) |
Q2 2022 | 443,360.00 | 346,989.00 | 658.00 | (142634.00) |
Q3 2022 | 416,022.00 | 329,392.00 | 528.00 | (132007.00) |
Q4 2022 | 345,660.00 | 254,123.00 | 370.00 | (112985.00) |
Q1 2023 | 301,914.00 | 253,962.00 | 504.00 | (96547.00) |
Period | upstream | Downstream | companies | Eliminations |
---|---|---|---|---|
2016 | 525,855.00 | 167,734.00 | 1,083.00 | (190076.00) |
2017 | 816,634.00 | 415,827.00 | 1,210.00 | (243012.00) |
2018 | 1,102,161.00 | 552,825.00 | 1,585.00 | (309554.00) |
2019 | 970,395.00 | 527,419.00 | 1,639.00 | (262668.00) |
2020 | 605,470.00 | 441,221.00 | 1,670.00 | (186270.00) |
2021 | 1,015,437.00 | 823,028.00 | 1,778.00 | (338485.00) |
2022 | 1,573,405.00 | 1,199,714.00 | 1,951.00 | (508697.00) |
Item | Q1 2023 (e) | Q1 2023 (a) | Change |
---|---|---|---|
Average | 122,993.56 | 117,471.00 | (4.5 %) |
Item | Q1 2023 (e) | Q1 2023 (a) | Change |
---|---|---|---|
JP Morgan | 116,634.33 | 117,471.00 | 0.7 % |
Al Rajhi Capital | 118,680.00 | 117,471.00 | (1.0) % |
SNB Capital | 118,900.00 | 117,471.00 | (1.2) % |
UBS Saudi Arabia | 114,725.00 | 117,471.00 | 2.4 % |
Goldman Sachs | 123,783.00 | 117,471.00 | (5.1) % |
SMBC Nikko Securities | 145,239.00 | 117,471.00 | (19.1) % |
Current | |
Market Cap (M Riyal) | 6,812,300.00 |
Enterprise Value (EV) (M) | 6,896,725.00 |
Shares Outstanding ((M)) | 242,000.00 |
EPS ( Riyal) (TTM) | 1.81 |
Book Value (BV) ( Riyal) | 6.30 |
Par Value | - |
Adjusted P/E (Last12) | 15.44 |
P/E (TTM) | 15.53 |
Price/book | 4.47 |
Return on Average Assets (%) (TTM) | 17.7 |
Return on Average Equity (%) (TTM) | 29.1 |
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