Saudi Aramco posts 44% profit drop to SAR 184.9 bln in 2020

21/03/2021 Argaam Exclusive
0

Saudi Arabian Oil Co. (Saudi Aramco) posted a 44% fall in net profit attributable to shareholders to SAR 184.9 billion for 2020, compared to SAR 330.8 billion a year earlier. 



Financials (M)

Item 2019 2020 Change‬
Revenues 1,236,785.00 862,091.00 (30.3 %)
Gross Income 763,934.00 509,368.00 (33.3 %)
Operating Income 674,871.00 383,360.00 (43.2 %)
Net Income 330,816.00 184,926.00 (44.1 %)
Average Shares 242,000.00 242,000.00 -
Earnings Per Share before unusual items (Riyals) 1.37 0.76 (44.1 %)
EPS (Riyals) 1.37 0.76 (44.1 %)

The decrease was attributed to lower crude prices, sales volumes, and reduced refining and chemicals margins, when compared to a net income of SAR 330.69 billion ($88.19 billion) for 2019.

 

The fourth-quarter net profit decreased by 31% to SAR 51.8 billion, compared to SAR 75 billion a year earlier. 

 

Shareholders’ equity, after minority interest, declined 4.3% to SAR 990.850 billion in 2020, from SAR 1.035 trillion a year earlier. 



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 312,198.00 243,798.00 (21.9 %)
Gross Income 188,077.00 147,432.00 (21.6 %)
Operating Income 161,798.00 104,490.00 (35.4 %)
Net Income 75,011.00 51,746.00 (31.0 %)
Average Shares 242,000.00 242,000.00 -
Earnings Per Share before unusual items (Riyals) 0.31 0.21 (31.0 %)
EPS (Riyals) 0.31 0.21 (31.0 %)

View other reports

Share Price

Saudi Arabian Oil Co.
26.65
0.40 1.52 %

Saudi Arabian Oil Co. (SAUDI ARAMCO)

1 Day 1.52 % 5 Days (0.93 %) 3 Months (5.83 %) 6 Months (2.20 %) Year (16.06 %) 2 Years (10.63 %) 5 Years 13.70 % All (8.42 %)
Created with Highstock 6.0.710:1510:3010:4511:0011:1511:3011:4512:0012:1512:3012:4513:0013:1513:3013:4514:0014:1514:3014:4515:1526.2526.3026.3526.4026.4526.5026.5526.6026.6526.70
Close : 26.65 | Mar 9, 15:20
More


Financial Ratios
Current
Market Cap (M Riyal) 6,449,300.00
Enterprise Value (EV) (M) 6,669,405.00
Shares Outstanding ((M)) 242,000.00
EPS ( Riyal) (TTM) 1.63
Book Value (BV) ( Riyal) 6.03
Par Value -
Adjusted P/E (Last12) 16.36
P/E (TTM) 16.37
Price/book 4.42
Return on Average Assets (%) (TTM) 16.1
Return on Average Equity (%) (TTM) 20.0
more

Kindly, you can view the full report by subscribing to the Advanced Package

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments 0

Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website