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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
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Saudi Aramco 1Q Profit Rose on Higher Crude Prices, Improved Downstream

05/04/2021 | 01:18am EDT

By Giulia Petroni

Saudi Aramco said Tuesday that profit rose in the first quarter of the year, driven by higher oil prices and an improved economic environment.

The Saudi Arabian Oil Co., as the company is formally known, said net profit came in at $21.72 billion, up from $16.66 billion a year earlier. The 30% increase was supported by a stronger oil market as well as higher refining and chemicals margins.

The Saudi oil giant said total hydrocarbon production in the quarter averaged 11.5 million barrels of oil equivalent a day, including 8.6 million barrels a day of crude oil.

Quarterly revenue was up 20.6% on year to 272.07 billion riyals ($72.55 billion), from 225.57 billion riyals ($60.15 billion).

Free cash flow came in at $18.3 billion in the quarter, while capital expenditure stood at $8.2 billion.

The company declared a dividend of $18.76 billion for the first quarter.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

05-04-21 0318ET

Stocks mentioned in the article
ChangeLast1st jan.
SAUDI ARABIAN OIL COMPANY 0.00% 35.65 End-of-day quote.1.86%
WTI -0.29% 65.247 Delayed Quote.34.68%
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Financials
Sales 2021 1 307 B 349 B 349 B
Net income 2021 356 B 94 991 M 94 991 M
Net Debt 2021 265 B 70 632 M 70 632 M
P/E ratio 2021 19,8x
Yield 2021 3,96%
Capitalization 7 126 B 1 900 B 1 900 B
EV / Sales 2021 5,65x
EV / Sales 2022 5,41x
Nbr of Employees 79 000
Free-Float 1,76%
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Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 34,03 SAR
Last Close Price 35,65 SAR
Spread / Highest target 9,40%
Spread / Average Target -4,54%
Spread / Lowest Target -32,7%
EPS Revisions
Managers and Directors
NameTitle
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Senior VP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
Sector and Competitors
1st jan.Capitalization (M$)
SAUDI ARABIAN OIL COMPANY1.86%1 900 017
ROYAL DUTCH SHELL PLC13.67%153 045
TOTAL SE10.62%124 804
PETROCHINA COMPANY LIMITED28.33%120 121
GAZPROM13.55%77 550
EQUINOR ASA22.94%70 317