Saudi Arabian Oil Co. · TADAWUL:2222
Saudi Arabian Oil — Saudi Aramco — H1 2019 Earnings Presentation
8 slides from Saudi Arabian Oil's earnings presentation, Aug 12, 2019
Slide 1: Saudi Aramco First-Half 2019 Results
Saudi Aramco First-Half 2019 Results August 12, 2019
Slide 2: Cautionary notes
Cautionary notes IMPORTANT: The following applies to this presentation and associated slides by Saudi Arabian Oil Company (the “Company”) (collectively, the “Information”). The Information contains forward-looking statements. All statements other than statements of historical fact included in the In
Slide 3: H1 2019 key results
H1 2019 $46.9bn $92.5bn 13.2 mmboed2 10.0 mmbpd3 Net income EBIT1 Hydrocarbon Crude 12% 9% Production Production H1 2018: $53.0bn H1 2018: $101.3bn H1 2018: 13.2 H1 2018: 10.0 Flaring $38.0bn $14.5bn 10.2 0.009 184 Free cash flow1 Capital expenditure kg CO2/BOE Lost time <1% Patents Upstream injury
Slide 4: Our strategy
Our strategy Maintain position as a world-leading crude oil producer by production volume and the lowest cost producer, while providing reliable crude oil supply to customers Further diversify operations to capture value from strategic integration Expand gas activities to supply gas in the Kingdom a
Slide 5: Progress against strategy
Progress against strategy Upstream • Development of Marjan and Berri increments • Fadhili gas plant project on track for start up in 2019 Underpinned by: • Exploration: discoveries and extensions in both oil and gas • Efficient capital allocation Downstream • Prudent and flexible • Agreement to acqu
Slide 6: Environmental performance
Environmental performance Leader in Upstream carbon intensity1 10.2 kg CO2/BOE Tree planting Flaring 1 million ˂1% by 2025 of gas production2 1. Kilograms of carbon dioxide (CO2) equivalent per barrel of oil equivalent; 2018 full year 2. Based on average H1 2019 production 6 Saudi Aramco: Confidenti
Slide 7: Sources and uses of cash
Sources and uses of cash H1 2018 H1 2019 ($ billion) ($ billion) 14.5 Capex 16.5 Capex Special 20.0 Net cash Net cash Dividends Special provided by 6.0 provided by 52.1 Dividends 52.5 operating operating activities activities Ordinary Ordinary 26.0 26.4 Dividends Dividends Sources Uses Sources Uses
Slide 8: Questions & Answers
Questions & Answers Khalid Al-Dabbagh CFO & Senior Vice President, Finance, Strategy & Development 8 Saudi Aramco: Confidential