Net profit of 32.6 billion US dollars! Saudi Aramco Announces Q3 2023 Results

2023年11月14日16:34 来源：Aramco

Net profit: 32.6 billion US dollars (42.4 billion US dollars in the same period of 2022)
Cash flow from operating activities: $31.4 billion ($54 billion in the same period of 2022)
Free cash flow of $20.3 billion ($45 billion in the same period of 2022)
Asset liability ratio 1: As of September 30, 2023, it was -7.6%, and at the end of 2022, it was -7.9%
The basic dividend for the second quarter was 19.5 billion US dollars, which was paid in the third quarter of this year; The basic dividend for the third quarter of this year was $19.5 billion, which will be paid in the fourth quarter of this year
In the third quarter, the company distributed a performance-linked dividend of $9.9 billion for the first time; Based on the combined performance of the entire year 2022 and the first three quarters of 2023, a second dividend of approximately $9.9 billion will be distributed in the fourth quarter
Continue strategic expansion, reach an agreement on the first international liquefied natural gas investment, and plan to enter the South American market through the acquisition of downstream retail business
The company has increased its raw gas processing capacity by 800 million standard cubic feet per day by expanding the Havia natural gas plant, including approximately 750 million standard cubic feet per day of sales gas processing capacity
The company collaborates with Stellantis to sell 24 series of internal combustion engine engines in Europe that can use synthetic fuels without modification

Regarding these financial performance, Amin H. Nasser, President and CEO of Saudi Aramco, stated:

Strong financial performance has enhanced Saudi Aramco's ability to actively create sustained value for shareholders. We will continue to seek new opportunities, develop our business, and meet the needs of our customers

In the third quarter, we fully utilized the growing demand for liquefied natural gas, signed our first LNG international investment agreement, and announced our intention to expand into the South American retail market. These investment actions indicate that our goals are more ambitious, our business scope is broader, and our strategy is more strictly enforced. I am very excited about the progress we have made, and I believe this will become a contribution to our upstream capacity expansion and downstream strategy execution A beneficial supplement to business growth.

We intend to continue investing across the hydrocarbon chain, leveraging cutting-edge technology to optimize operations, and promote the development of emerging energy solutions. This approach stems from our belief that a balanced and realistic energy transformation plan needs to be considered comprehensively, with both ends in mind, to minimize inequality among energy consumers worldwide.

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