Saudi Aramco’s Q1 2022 profit surges 81% to SAR 142 bln

15/05/2022 Argaam Exclusive

Saudi Arabian Oil Co. (Saudi Aramco) reported an 81% surge in Q1 2022 net profit to SAR 142 billion, compared to SAR 78.59 billion a year earlier.

Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 300,157.00 516,897.00 72.2 %
Gross Income 185,432.00 319,172.00 72.1 %
Operating Income 151,887.00 277,705.00 82.8 %
Net Income 78,590.00 142,012.00 80.7 %
Average Shares 242,000.00 242,000.00 -
EPS (Riyals) 0.32 0.59 80.7 %

The profit rise was driven by higher crude oil prices and sales volumes, along with better downstream margins.  

  

On a sequential basis, the first-quarter net profit rose by 21.8% from SAR 116.63 billion, thanks to improved crude oil prices and downstream margins.

 

Shareholders’ equity, after minority interest, increased by 18.5% to SAR 1.197 trillion in Q1 2022, compared to SAR 1.010 trillion a year earlier. 

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Share Price

Saudi Arabian Oil Company
32.45
0.05 0.15 %

Saudi Arabian Oil Company (Saudi Aramco)

Financial Ratios
Current
Market Cap (M Riyal) 7,852,900.00
Enterprise Value (EV) (M) 7,863,969.00
Shares Outstanding ((M)) 242,000.00
EPS ( Riyal) (TTM) 2.37
Book Value (BV) ( Riyal) 6.16
Par Value ( Riyal) 0.00
Adjusted P/E (Last12) 13.91
P/E (TTM) 13.71
Price/book 5.26
Return on Average Assets (%) (TTM) 23.7
Return on Average Equity (%) (TTM) 42.6
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