2022-11-01 16:35:00
SAUDI ARAMCO NET INCOME UP TO $42.4 BLN
ARAMCO - Dhahran, Saudi Arabia, November 01, 2022 - Aramco announces third quarter 2022 results Q3
net income rises 39% YoY to $42.4 billion; free cash flow increases to a record $45.0 billion
• Q3 earnings reflect Aramco’s ability to generate significant value
• Net income: $42.4 billion (Q3 2021: $30.4 billion)
• Cash flow from operating activities: $54.0 billion (Q3 2021: $36.3 billion)
• Free cash flow1: $45.0 billion (Q3 2021: $28.7 billion)
• Gearing ratio1, 2: -4.1% as at September 30, 2022, compared to 12.0% at end of 2021
• Q2 dividend of $18.8 billion paid in the third quarter; Q3 dividend of $18.8 billion to be paid in the fourth quarter
• Partnership with F2 and F3 highlights work on advanced low-carbon transport solutions
• World’s first independent certifications of blue ammonia and hydrogen production
Earlier:
2022, October, 26, 10:30:00
SAUDI'S OIL INVESTMENT FOR PAKISTAN $12 BLN
Saudi Arabia previously signed in February 2019 several memorandums of understanding for an investment of US$21bn in various sectors of the Pakistani economy, including for the project of a deep conversion refinery and petrochemical complex with an investment of US$12bn.
2022, August, 15, 12:10:00
SAUDI ARAMCO NET INCOME UP TO $87.9 BLN
The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income
2022, August, 8, 12:10:00
SAUDI, CHINA COOPERATION
The areas of potential cooperation include upstream and downstream businesses, engineering and construction, oilfield services, carbon capture and hydrogen.
2022, August, 3, 12:15:00
SAUDI'S INVESTMENT MARKETING $3.2 TLN
Saudi Arabia would be looking to secure investments in untapped business sectors, including green hydrogen, renewable energy, and information technology.
