Aramco 9M 2024 profit dips 12% to SAR 307.14B; Q3 at SAR 97.62B

05/11/2024 Argaam Exclusive

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Saudi Arabian Oil Co. (Saudi Aramco) posted a net profit after minority interest of SAR 307.14 billion, compared to SAR 349.89 billion in the year-earlier period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	1,397,086.00	1,373,083.00	(1.7 %)
Gross Income	798,647.00	743,109.00	(7.0 %)
Operating Income	672,563.00	601,576.00	(10.6 %)
Net Income	349,886.00	307,135.00	(12.2 %)
Average Shares	242,000.00	242,000.00	-
EPS (Riyals)	1.45	1.27	(12.2 %)

Net income for the first nine months of 2024 declined primarily due to lower crude oil sales volumes, weak refining margins, and a decline finance and other income.

This was partially offset by lower production royalties, and lower income taxes and Zakat.

Meanwhile, revenue increased to SAR 1.24 trillion in the nine-month period, compared to SAR 1.24 trillion in 9M 2023.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	488,935.00	464,625.00	(5.0 %)
Gross Income	287,643.00	240,033.00	(16.6 %)
Operating Income	237,682.00	192,895.00	(18.8 %)
Net Income	123,534.00	97,621.00	(21.0 %)
Average Shares	242,000.00	242,000.00	-
EPS (Riyals)	0.51	0.40	(21.0 %)

Item	Q2 2024	Q3 2024	Change‬
Revenues	470,611.00	464,625.00	(1.3 %)
Gross Income	254,336.00	240,033.00	(5.6 %)
Operating Income	206,267.00	192,895.00	(6.5 %)
Net Income	106,158.00	97,621.00	(8.0 %)
Average Shares	242,000.00	242,000.00	-
EPS (Riyals)	0.44	0.40	(8.0 %)

In Q3 2024, Aramco generated a net profit after minorities of SAR 97.62 billion, a drop of 21% from SAR 123.53 billion in Q3 2023 as revenue dropped to SAR 416.63 billion, from SAR 424.10 billion in Q3 2023 due to lower prices of crude oil, refined products and chemicals.

The major oil producer also reported a decline in refining margins despite improved sales volumes. Selling, general and administrative expenses (SG&A) decreased mainly due to gains from derivative instruments.

Similarly, net income fell 8% from SAR 106.15 billion in the previous quarter as revenue declined from SAR 425.71 billion in Q2 2024 despite higher sales volumes.

Total shareholders’ equity, after minority interest, increased to SAR 1.48 trillion as of Sept. 30, 2024, from SAR 1.54 trillion a year earlier.

Attached Document:

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	504,596.00	-	391,909.00	-	305,700.00	-
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	990,659.00	96.3 %	652,986.00	66.6 %	582,915.00	90.7 %
Q1 2018	287,510.00	-	193,232.00	-	174,917.00	-
Q2 2018	341,276.00	-	222,990.00	-	204,651.00	-
Q3 2018	363,374.00	-	240,041.00	-	217,347.00	-
Q4 2018	354,857.00	-	216,943.00	-	201,490.00	-
2018	1,347,017.00	36.0 %	873,206.00	33.7 %	798,405.00	37.0 %
Q1 2019	297,634.00	3.5 %	187,277.00	(3.1 %)	166,621.00	(4.7 %)
Q2 2019	322,307.00	(5.6 %)	202,770.00	(9.1 %)	181,256.00	(11.4 %)
Q3 2019	304,646.00	(16.2 %)	185,810.00	(22.6 %)	165,196.00	(24.0 %)
Q4 2019	312,198.00	(12.0 %)	188,077.00	(13.3 %)	161,798.00	(19.7 %)
2019	1,236,785.00	(8.2 %)	763,934.00	(12.5 %)	674,871.00	(15.5 %)
Q1 2020	250,345.00	(15.9 %)	151,436.00	(19.1 %)	129,732.00	(22.1 %)
Q2 2020	139,354.00	(56.8 %)	81,121.00	(60.0 %)	53,092.00	(70.7 %)
Q3 2020	228,594.00	(25.0 %)	129,379.00	(30.4 %)	96,046.00	(41.9 %)
Q4 2020	243,798.00	(21.9 %)	147,432.00	(21.6 %)	104,490.00	(35.4 %)
2020	862,091.00	(30.3 %)	509,368.00	(33.3 %)	383,360.00	(43.2 %)
Q1 2021	300,157.00	19.9 %	185,432.00	22.4 %	151,887.00	17.1 %
Q2 2021	349,950.00	151.1 %	215,179.00	165.3 %	179,115.00	237.4 %
Q3 2021	405,382.00	77.3 %	248,234.00	91.9 %	212,806.00	121.6 %
Q4 2021	446,269.00	83.0 %	271,963.00	84.5 %	228,110.00	118.3 %
2021	1,501,758.00	74.2 %	920,808.00	80.8 %	771,918.00	101.4 %
Q1 2022	516,897.00	72.2 %	319,172.00	72.1 %	277,705.00	82.8 %
Q2 2022	648,373.00	85.3 %	371,593.00	72.7 %	324,489.00	81.2 %
Q3 2022	613,935.00	51.4 %	343,282.00	38.3 %	300,234.00	41.1 %
Q4 2022	487,168.00	9.2 %	289,767.00	6.5 %	241,649.00	5.9 %
2022	2,266,373.00	50.9 %	1,323,814.00	43.8 %	1,144,077.00	48.2 %
Q1 2023	459,833.00	(11.0 %)	260,337.00	(18.4 %)	222,328.00	(19.9 %)
Q2 2023	448,318.00	(30.9 %)	250,667.00	(32.5 %)	212,553.00	(34.5 %)
Q3 2023	488,935.00	(20.4 %)	287,643.00	(16.2 %)	237,682.00	(20.8 %)
Q4 2023	459,287.00	(5.7 %)	248,767.00	(14.1 %)	199,104.00	(17.6 %)
2023	1,856,373.00	(18.1 %)	1,047,414.00	(20.9 %)	871,667.00	(23.8 %)
Q1 2024	437,847.00	(4.8 %)	248,740.00	(4.5 %)	202,414.00	(9.0 %)
Q2 2024	470,611.00	5.0 %	254,336.00	1.5 %	206,267.00	(3.0 %)
Q3 2024	464,625.00	(5.0 %)	240,033.00	(16.6 %)	192,895.00	(18.8 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	504,596.00	-	391,909.00	-	305,700.00	-
2017	990,659.00	96.3 %	652,986.00	66.6 %	582,915.00	90.7 %
2018	1,347,017.00	36.0 %	873,206.00	33.7 %	798,405.00	37.0 %
2019	1,236,785.00	(8.2 %)	763,934.00	(12.5 %)	674,871.00	(15.5 %)
2020	862,091.00	(30.3 %)	509,368.00	(33.3 %)	383,360.00	(43.2 %)
2021	1,501,758.00	74.2 %	920,808.00	80.8 %	771,918.00	101.4 %
2022	2,266,373.00	50.9 %	1,323,814.00	43.8 %	1,144,077.00	48.2 %
2023	1,856,373.00	(18.1 %)	1,047,414.00	(20.9 %)	871,667.00	(23.8 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2015	-	-	-	-	-	-
Q2 2015	-	-	-	-	-	-
Q3 2015	-	-	-	-	-	-
Q4 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
Q1 2016	-	-	-	-	-	-
Q2 2016	-	-	-	-	-	-
Q3 2016	-	-	-	-	-	-
Q4 2016	-	-	-	-	-	-
2016	48,349.00	-	0.20	-	48,349.00	0.20
Q1 2017	-	-	-	-	-	-
Q2 2017	-	-	-	-	-	-
Q3 2017	-	-	-	-	-	-
Q4 2017	-	-	-	-	-	-
2017	283,198.00	485.7 %	1.17	-	283,198.00	1.17
Q1 2018	91,787.00	-	0.38	-	91,787.00	0.38
Q2 2018	106,574.00	-	0.44	-	106,574.00	0.44
Q3 2018	113,375.00	-	0.47	-	113,375.00	0.47
Q4 2018	104,460.00	-	0.43	-	104,460.00	0.43
2018	416,196.00	47.0 %	1.72	-	416,196.00	1.72
Q1 2019	83,226.00	(9.3 %)	0.34	-	83,226.00	0.34
Q2 2019	92,791.00	(12.9 %)	0.38	-	92,791.00	0.38
Q3 2019	79,788.00	(29.6 %)	0.33	-	79,788.00	0.33
Q4 2019	75,011.00	(28.2 %)	0.31	-	75,011.00	0.31
2019	330,816.00	(20.5 %)	1.37	-	330,816.00	1.37
Q1 2020	63,532.00	(23.7 %)	0.26	-	63,532.00	0.26
Q2 2020	25,370.00	(72.7 %)	0.10	-	25,370.00	0.10
Q3 2020	44,278.00	(44.5 %)	0.18	-	44,278.00	0.18
Q4 2020	51,746.00	(31.0 %)	0.21	-	51,746.00	0.21
2020	184,926.00	(44.1 %)	0.76	-	184,926.00	0.76
Q1 2021	78,590.00	23.7 %	0.32	-	78,590.00	0.32
Q2 2021	90,902.00	258.3 %	0.38	-	90,902.00	0.38
Q3 2021	109,072.00	146.3 %	0.45	-	109,072.00	0.45
Q4 2021	116,639.00	125.4 %	0.48	-	116,639.00	0.48
2021	395,203.00	113.7 %	1.63	-	395,203.00	1.63
Q1 2022	142,012.00	80.7 %	0.59	-	142,012.00	0.59
Q2 2022	173,795.00	91.2 %	0.72	3,064.00	170,731.00	0.71
Q3 2022	156,068.00	43.1 %	0.64	-	156,068.00	0.64
Q4 2022	125,340.00	7.5 %	0.52	464.00	124,876.00	0.52
2022	597,215.00	51.1 %	2.47	3,528.00	593,687.00	2.45
Q1 2023	117,471.00	(17.3 %)	0.49	4,491.00	112,980.00	0.47
Q2 2023	108,881.00	(37.4 %)	0.45	1,141.00	107,740.00	0.45
Q3 2023	123,534.00	(20.8 %)	0.51	(3236.00)	126,770.00	0.52
Q4 2023	102,867.00	(17.9 %)	0.43	-	102,867.00	0.43
2023	452,753.00	(24.2 %)	1.87	2,396.00	450,357.00	1.86
Q1 2024	103,356.00	(12.0 %)	0.43	(366.00)	103,722.00	0.43
Q2 2024	106,158.00	(2.5 %)	0.44	184.00	105,974.00	0.44
Q3 2024	97,621.00	(21.0 %)	0.40	(80.00)	97,701.00	0.40

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	48,349.00	-	0.20	-	48,349.00	0.20
2017	283,198.00	485.7 %	1.17	-	283,198.00	1.17
2018	416,196.00	47.0 %	1.72	-	416,196.00	1.72
2019	330,816.00	(20.5 %)	1.37	-	330,816.00	1.37
2020	184,926.00	(44.1 %)	0.76	-	184,926.00	0.76
2021	395,203.00	113.7 %	1.63	-	395,203.00	1.63
2022	597,215.00	51.1 %	2.47	3,528.00	593,687.00	2.45
2023	452,753.00	(24.2 %)	1.87	2,396.00	450,357.00	1.86

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q2 2023	56.94 %	53.29 %	24.97 %
Q3 2023	57.76 %	53.60 %	25.07 %
Q4 2023	56.42 %	52.18 %	24.26 %
2023	56.42 %	52.18 %	24.26 %
Q1 2024	56.47 %	51.80 %	24.05 %
Q2 2024	55.99 %	50.97 %	23.66 %
Q3 2024	54.13 %	49.42 %	22.39 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
2023	56.42 %	52.18 %	24.26 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q2 2023	55.91 %	52.47 %	24.03 %
Q3 2023	58.83 %	53.59 %	25.93 %
Q4 2023	54.16 %	49.45 %	22.40 %
Q1 2024	56.81 %	51.58 %	23.69 %
Q2 2024	54.04 %	49.17 %	22.52 %
Q3 2024	51.66 %	47.62 %	21.03 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q2 2023	242,000.00	2.10	2.07	6.32
Q3 2023	242,000.00	1.96	1.95	6.38
Q4 2023	242,000.00	1.87	1.86	6.34
Q1 2024	242,000.00	1.81	1.82	6.30
Q2 2024	242,000.00	1.80	1.82	6.23
Q3 2024	242,000.00	1.69	1.70	6.15

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
2023	242,000.00	1.87	1.86	6.34

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q2 2023	15.37	15.56	5.11
Q3 2023	17.82	17.93	5.48
Q4 2023	17.64	17.73	5.20
Q1 2024	17.02	16.93	4.90
Q2 2024	15.49	15.37	4.48
Q3 2024	16.00	15.99	4.40

Period	P/E	Adjusted P/E	Price/book
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
2023	17.64	17.73	5.20

Business Segments (Million)

Compared With The

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)
Q2 2023	293,457.00	247,446.00	598.00	(93183.00)
Q3 2023	317,268.00	275,835.00	864.00	(105032.00)
Q4 2023	299,134.00	256,269.00	297.00	(96413.00)
Q1 2024	291,520.00	249,364.00	811.00	(103848.00)
Q2 2024	300,859.00	275,356.00	734.00	(106338.00)
Q3 2024	283,378.00	283,665.00	1,058.00	(103476.00)

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)
2023	1,211,773.00	1,033,512.00	2,263.00	(391175.00)

Analysts Estimates (Million)

Item	Q3 2024 (e)	Q3 2024 (a)	Change‬
Average	97,794.74	97,621.00	(0.2 %)

Estimates vs Actual (Million)

Item	Q3 2024 (e)	Q3 2024 (a)	Change
Bank of America	97,537.30	97,621.00	0.1 %
AlJazira Capital	98,249.00	97,621.00	(0.6) %
Jefferies	99,851.60	97,621.00	(2.2) %
UBS Saudi Arabia	95,451.70	97,621.00	2.3 %
RBC Capital	100,290.00	97,621.00	(2.7) %
Citi Bank Group	94,258.90	97,621.00	3.6 %
Al Rajhi Capital	101,800.00	97,621.00	(4.1) %
SNB Capital	101,940.00	97,621.00	(4.2) %
Goldman Sachs	90,774.20	97,621.00	7.5 %

Financial Ratios

	Current
Market Cap (M Riyal)	6,763,900.00
Enterprise Value (EV) (M)	6,947,990.00
Shares Outstanding ((M))	242,000.00
EPS ( Riyal) (TTM)	1.69
Book Value (BV) ( Riyal)	6.15
Par Value	-
Adjusted P/E (Last12)	16.49
P/E (TTM)	16.50
Price/book	4.54
Return on Average Assets (%) (TTM)	16.5
Return on Average Equity (%) (TTM)	27.0

Saudi Arabian Oil Co. (SAUDI ARAMCO)

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Aramco 9M 2024 profit dips 12% to SAR 307.14B; Q3 at SAR 97.62B

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Financials (M)

Current Quarter Comparison (M)

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Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2024 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Arabian Oil Co. (SAUDI ARAMCO)

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Aramco 9M 2024 profit dips 12% to SAR 307.14B; Q3 at SAR 97.62B

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2024

Revenue by Business Segment (Latest) 2024 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Arabian Oil Co. (SAUDI ARAMCO)

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Business Segments (Million)