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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
End-of-day quote Saudi Arabian Stock Exchange  -  2022-10-02
35.75 SAR    0.00%
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Saudi Aramco profit soars on higher prices and refining margins

08/14/2022 | 02:16am EDT
FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq

DUBAI (Reuters) - Saudi Arabian state oil producer Aramco reported a 90% rise in second-quarter profit on Sunday, beating analyst expectations, boosted by higher oil prices, volumes sold and refining margins.

Aramco's net profit rose to 181.64 billion riyals ($48.39 billion) for the quarter to June 30 from 95.47 billion riyals a year earlier.

Analysts had expected a net profit of $46.2 billion, according to the mean estimate from 15 analysts.

It declared a dividend of $18.8 billion in the second quarter, in line with its own target, which will be paid in the third quarter.

($1 = 3.7540 riyals)

(Reporting by Hadeel Al Sayegh; Editing by Kirsten Donovan)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.71% 89.37 Delayed Quote.9.50%
SAUDI ARABIAN OIL COMPANY 0.00% 35.75 End-of-day quote.9.85%
WTI 0.79% 83.988 Delayed Quote.8.90%
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Analyst Recommendations on SAUDI ARABIAN OIL COMPANY
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Financials
Sales 2022 2 228 B 593 B 593 B
Net income 2022 632 B 168 B 168 B
Net cash 2022 102 B 27 135 M 27 135 M
P/E ratio 2022 12,5x
Yield 2022 3,71%
Capitalization 7 862 B 2 091 B 2 091 B
EV / Sales 2022 3,48x
EV / Sales 2023 3,71x
Nbr of Employees 79 000
Free-Float 1,76%
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Technical analysis trends SAUDI ARABIAN OIL COMPANY
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Last Close Price 35,75 SAR
Average target price 40,44 SAR
Spread / Average Target 13,1%
EPS Revisions
Managers and Directors
Amin bin Hasan Al-Nasser Director
Ziad Thamer Al-Murshed CFO & Senior Vice President-Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Chief Engineer
Lynn Laverty Elsenhans Independent Non-Executive Director
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