Saudi Arabian Oil Co. · TADAWUL:2222
Saudi Arabian Oil — Q1 2025 Earnings Presentation
14 slides from Saudi Arabian Oil's earnings presentation, May 12, 2025
Slide 1: Q1 2025 Results
Q1 2025 Results May 12, 2025 Saudi Aramco: Company General Use where energy is opportunity tm
Slide 2: Cautionary notes
Cautionary notes This presentation may contain certain forward-looking statements with respect to the Saudi Arabian Oil Company’s ("Aramco" or the "Company" or "we") financial position, results of operations and business and certain of its plans, intentions, expectations, assumptions, goals and beli
Slide 3: Amin Nasser, President & CEO
Amin Nasser President & CEO Saudi Aramco: Company General Use
Slide 4: Robust results and cash flows underpin dividend visibility
Robust results and cash flows underpin dividend visibility Outperformance and resilience > Robust results: net income of $26.0bn and free cash flow of $19.2bn > Leading balance sheet strength: lowest gearing of 5.3% amongst peers1 Unique opportunities with significant upside > Delivering world-class
Slide 5: Resilient demand despite macro-economic volatility
Resilient demand despite macro-economic volatility Key takeaways > Strong oil demand in Q1 (mmbpd) 105.9 106.0 104.6 104.4 104.6 104.3 > Strong demand with Q1 y/y oil demand +1.7mmbpd 103.5 102.8 102.6 101.7 102.2 100.3 100.4 > Driven equally by strong petrochemical feedstock and transport fuels dem
Slide 6: Proven resilience through the cycle
Proven resilience through the cycle > Lowest lifting cost1 > Lowest capital investments as % of OCF Underpinned by technological leadership, scale and geological advantages Driven by capital discipline and strong operating performance 25 50% 20 IOCs range IOCs average IOCs average Aramco % of OCF 15
Slide 7: Ziad Al-Murshed, Executive Vice President & CFO
Ziad Al-Murshed Executive Vice President & CFO Saudi Aramco: Company General Use
Slide 8: Consistent delivery of growth plans
Consistent delivery of growth plans > Strong execution and delivery: liquids and gas projects on track Upstream > Consistent high RRR with new oil & gas discoveries: >100%1 in 2024 vs peer average organic RRR of c.70% > Demonstrating resilience: 56% of crude oil production utilized by Downstream; 10
Slide 9: Q1 2025 operational and financial performance
Q1 2025 operational and financial performance Key quarterly highlights 1 Q1 2024 Q4 2024 Q1 2025 Operational highlights > Q1 2025 vs Q4 2024 Average realized crude oil prices ($/bbl) 83.0 73.1 76.3 Strong net income, up 16% Total hydrocarbon production (mmboed) 12.4 12.2 12.3 Liquids production (m
Slide 10: Continuing to deliver through-cycle value and growth
Continuing to deliver through-cycle value and growth Industry-leading competitive advantages Superior growth trajectory maximizing returns Incremental OCF High flexibility and reliability Positioned to Optionality to capture attractive upside > c.3mmbpd available crude capacity capture upside > Read
Slide 11: Questions & Answers
Questions & Answers where energy is opportunity tm Saudi Aramco: Company General Use
Slide 12: Aramco's attractive and visible dividend distributions
Aramco’s attractive and visible dividend distributions Sustainable and Progressive Base Dividend $bn FY 2019 FY 2020 FY 2021 FY2022 FY 2023 FY 2024 FY 20252 Base dividend1 75.0 75.0 75.0 75.0 78.0 81.2 84.6 Y/Y change % 4.0% 4.0% 4.2% Performance-Linked Dividend to share upside $bn FY 2022 FY 2023 C
Slide 13: Glossary and upcoming reporting dates
Glossary and upcoming reporting dates Glossary Reporting dates1 bbl Barrels of crude oil, condensate or refined products Units: boe Barrels of oil equivalent Million barrels of crude oil, condensate or refined Tuesday, mmbbl August 5, 2025 products Capital expenditure and external investments includ
Slide 14: Saudi Aramco: Company General Use
Saudi Aramco: Company General Use
Saudi Arabian Oil Company (Aramco) — Q1 2025 Earnings Presentation on 6ix