Saudi Arabian Oil Co. · TADAWUL:2222
Saudi Arabian Oil — Saudi Aramco — Q3 2023 Earnings Presentation
11 slides from Saudi Arabian Oil's earnings presentation, Nov 7, 2023
Slide 1: Q3 2023 Results
Q3 2023 Results November 7, 2023 Saudi Aramco Q3 2023 Results | ‹#› Saudi Aramco: Company General Use
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 Q3 2023 Results | ‹#› Saudi Aramco: Company General Use
Slide 4: High performance in Q3 with robust market conditions
High performance in Q3 with robust market conditions Higher quarter-on-quarter profitability, with continued low gearing Continued high reliability and flexibility Execution of growth strategy progressing well Q3 dividends of $29.4bn declared and to be paid in Q4 Indicators continuing to show streng
Slide 5: Delivering on our strategy
Delivering on our strategy • Continued progress on largest investment growth program Capital • FY 2023 capital investment guidance range now at $48bn to $52bn investment • Oil and gas projects on track; first major crude oil increment in 2025 • Hawiyah Gas Plant expansion onstream, adding approximat
Slide 6: Q3 2023 operational and financial highlights
Q3 2023 operational and financial highlights Operational Financial Hydrocarbon production Net income Capital investments4 mmboed1 $Bn $Bn 12.8 32.6 15.1 Q3 2022: 14.4 Q3 2022: 42.4 Q3 2022: 9.1 Supply reliability2 Dividends paid Free cash flow3 $Bn $Bn 99.8% 29.4 20.3 Q3 2022: 99.9% Q3 2022: 18.8 Q3
Slide 7: Financial results
Financial results $Bn, unless otherwise indicated Q3 2022 Q2 2023 Q3 2023 Q3 vs Q2 key drivers Realized oil prices ($/bbl) 101.7 78.8 89.3 Higher crude oil prices Hydrocarbon production 14.4 13.5 12.8 (mmboed) Lower volumes Upstream EBIT 78.4 56.7 60.6 Stronger refining margins Downstream EBIT (1.1)
Slide 8: Maximizing shareholder value with growth and yield
Maximizing shareholder value with growth and yield Fiscal discipline and focus on value-accretive investments Improved Daily tradedMarket Liquidity share volumes • Capex program on track, delivering growth and value 3,4 3,4 Daily traded Millions shares of shares, year-to-date year-to-date Daily shar
Slide 9: Distributions: downside resilience, upside sharing, reinvesting in growth
Distributions: downside resilience, upside sharing, reinvesting in growth $bn 120 To be paid over four quarters1 Sustainable and progressive base dividend2 increased by 100 Q4 4% from $75bn to $78bn in 2023 Total distributions 9.9 Q4 Performance-linked dividends share upside 9.9 80 + 4% Q3 Q3 • 2nd
Slide 10: Questions & Answers
Questions & Answers Saudi Aramco Q3 2023 Results | ‹#› Saudi Aramco: Company General Use
Slide 11: Saudi Aramco: Company General Use Saudi Aramco Q3 2023 Results | ‹#›
Saudi Aramco Q3 2023 Results | ‹#› Saudi Aramco: Company General Use