Investor overview

Saudi Aramco

Saudi Aramco is the world’s largest integrated oil and gas company; its upstream operations manages the Kingdom’s unique hydrocarbon reserve base, optimizing production and maximizing long-term value. It also operates a strategically integrated global downstream business. Headquartered in the city of Dhahran, the company operates within the Kingdom and worldwide, and employs around 79,800 people.

First-quarter 2020 results

Saudi Aramco first-quarter 2020 results

May 12, 2020

On May 12, Saudi Aramco released its results for the first-quarter of 2020.

First-quarter 2020 highlights

Financial

  • Net income: SAR 62.5bn ($16.7bn)
  • Free cash flow: SAR 56.3bn ($15.0bn)*
  • Dividends of SAR 50.2bn ($13.4bn) paid in the first quarter, reflecting Q4 2019 performance
  • Dividends of SAR 70.32bn ($18.75bn) to be paid in the second quarter, reflecting Q1 2020 performance
 

* Download the first-quarter 2020 non-IFRS measures reconciliation and definitions.