Saudi Aramco posts $68 bln net profit in 9M 2019

03/11/2019 Argaam

 

Saudi Aramco posted net profit of $68 billion (SAR 254.86 billion) for the first nine months of 2019, according to the company's financial statements.

 

Sales hit $244 billion (SAR 914.51 billion) in the same period.

 

Capital expenditure stood at $23 billion (SAR 86.2 billion), with free cash flows of $59 billion (SAR 221.13 billion).

 

Saudi Aramco Financials ($ bln)

Item

9 months 2019

Revenue

244

Net profit

68

CAPEX

(23)

Free cash flows

59

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