Saudi Arabian Oil Co. · TADAWUL:2222
Saudi Arabian Oil — Saudi Aramco — Q1 2024 Earnings Presentation
11 slides from Saudi Arabian Oil's earnings presentation, May 7, 2024
Slide 1: Q1 2024 Results
Q1 2024 Results May 7, 2024 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: Ziad Al-Murshed, Executive Vice President & CFO
Ziad Al-Murshed Executive Vice President & CFO Saudi Aramco: Company General Use
Slide 4: Q1 2024: strong performance, growth and distributions
Q1 2024: strong performance, growth and distributions > Solid results with net income of $27 Billion, free cash flow of $23 Billion, and (4)% gearing > Continued successful execution of growth strategy - Enhancing oil and gas capabilities - Growing downstream footprint - Advancing solar developments
Slide 5: Delivering our strategy and investing for long-term value growth
Delivering our strategy and investing for long-term value growth Upstream • Crude oil increments on track • Announced additional 15tscf proven raw gas reserves and 2 billion barrels of condensate at Jafurah • Fadhili Gas Plant 1.5bscfd expansion on track with EPC contracts awarded 1 • Entry to LNG w
Slide 6: Q1 2024 operational and financial performance
Q1 2024 operational and financial performance Q1 2023 Q1 2024 Year-on-year analysis Operational highlights Realized oil prices ($/bbl) 81.0 83.0 > Solid net income and free cash flow Hydrocarbon production (mmboed) 12.8 12.4 > Lower volumes partially offset by higher crude oil prices Financial resul
Slide 7: Industry-leading distributions leveraged by Aramco's robust earnings
Industry-leading distributions leveraged by Aramco’s robust earnings $bn Performance-linked dividend calculation1 3 125 $bn FY 2022 FY 2023 Combined Operating cash flow 186.2 143.4 329.6 3 100 43.1 Capital expenditure 37.6 42.2 79.9 External investments2 1.2 5.8 6.9 19.8 75 10.8 10.8 10.8 10.8 Base
Slide 8: Aramco's attractive investor proposition delivers value through cycles
Aramco’s attractive investor proposition delivers value through cycles Sustained competitive advantages Sustainable 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 lower
Slide 9: Questions & Answers
Questions & Answers Saudi Aramco: Company General Use
Slide 10: Appendix
Appendix Glossary Reporting dates1 Barrels of crude oil, condensate of refined GW Gigawatts bbl products Tuesday, August 6, 2024 JV Joint Venture Bscfd Billion standard cubic feet per day H1 2024 Results & Earnings Call LNG Liquefied Natural Gas Capital expenditure and external investments including
Slide 11: Saudi Aramco: Company General Use
Saudi Aramco: Company General Use