Saudi Arabian Oil Co. · TADAWUL:2222
Saudi Arabian Oil — H1 2024 Earnings Presentation
14 slides from Saudi Arabian Oil's earnings presentation, Aug 6, 2024
Slide 1: H1 2024 Results
H1 2024 Results August 6, 2024 Saudi Aramco: Company General Use where energy is opportunity tm 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: Delivering near-term performance and longer-term strategic milestones
Delivering near-term performance and longer-term strategic milestones > Record global oil demand in H1 2024 > Further growth expected in H2 2024 and beyond > Continued delivery on strategic milestones ▪ Upstream: enhancing liquids and gas capabilities ▪ Downstream: further integration and LTC expans
Slide 5: Delivering near-term performance and longer-term strategic milestones
Delivering near-term performance and longer-term strategic milestones Upstream > Liquids developments on track: Dammam development project > Enhancing gas capabilities: contracts awarded for Jafurah Phase in H2 2024; Marjan and Berri by 2025; Zuluf by 2026 two, Master Gas System phase 3 and Fadhili
Slide 6: Delivering value and industry-leading distributions
Delivering value and industry-leading distributions > Strong profitability, cash flow and balance sheet supported by operational excellence > Successful secondary public offering; expanded international investor base and enhanced free float > New bond issuance; strong demand from investors > Dividen
Slide 7: Ziad Al-Murshed, Executive Vice President & CFO
Ziad Al-Murshed Executive Vice President & CFO Saudi Aramco: Company General Use
Slide 8: Oil demand growth expected to continue amidst robust economic outlook
Oil demand growth expected to continue amidst robust economic outlook Global GDP growth (Real, year-on-year) Oil demand2 (mmbpd) Global inventories3 (mmbbl) 2024 growth on par with 2023 Record oil demand expected in 2024 Lower end of 5-year range Actual Forecast Rest of World China 2024 half year sp
Slide 9: Operational and financial performance
Operational and financial performance H1 2023 H1 2024 Q1 2024 Q2 2024 Quarter-on-quarter analysis Operational highlights > Higher net income Realized oil prices ($/bbl) 79.9 84.3 83.0 85.7 Hydrocarbon production (mmboed) 13.1 12.4 12.4 12.3 > Higher oil prices Financial results $Bn, unless otherwise
Slide 10: Successful equity and debt capital markets transactions
Successful equity and debt capital markets transactions Transactions underpinned by our unique investor proposition > Distinctive and long-term competitive advantages > Value-focused growth with longevity > Exceptional profitability and cash generation > Fortress balance sheet and financial resilien
Slide 11: Aramco's attractive investor proposition delivers value through cycles
Aramco’s attractive investor proposition delivers value through cycles Sustainable competitive advantages Value-focused growth Unique scale, proximity and full control of upstream assets Capturing growth in value chain and new energies High flexibility and reliability; low cost1, low depletion and l
Slide 12: Questions & Answers
Questions & Answers Saudi Aramco: Company General Use
Slide 13: Appendix
Appendix Glossary Reporting dates1 bbl Barrels of crude oil, condensate or refined products ICE Internal combustion engine boe Million barrels of oil equivalent Five largest International Oil Companies Tuesday, November 5, 2024 IOC Capital expenditure and external investments including acquisition o
Slide 14: Saudi Aramco: Company General Use
Saudi Aramco: Company General Use
Saudi Arabian Oil Company (Aramco) — H1 2024 Earnings Presentation on 6ix