Saudi Arabian Oil Co. · TADAWUL:2222
Saudi Arabian Oil — Saudi Aramco — Q3 2024 Earnings Presentation
12 slides from Saudi Arabian Oil's earnings presentation, Nov 5, 2024
Slide 1: Q3 2024 Results
Q3 2024 Results November 5, 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: Ziad Al-Murshed, Executive Vice President & CFO
Ziad Al-Murshed Executive Vice President & CFO Saudi Aramco: Company General Use
Slide 4: Continued global oil demand growth driven by our key markets
Continued global oil demand growth driven by our key markets Global oil demand1 (mmbpd) Global inventories2 (mmbbl) Record oil demand expected in 2024 Strong demand growth in Q3 Lower end of 5-year range Rest of World China 4,000 2023 2024 Forecast 110 106.1 105.9 104.8 106.0 +1.1 105 103.7 +1.6 101
Slide 5: Industry-leading performance and resilience driving value
Industry-leading performance and resilience driving value Outperformance > Strong net income: $27.6bn, despite certain non-cash charges of c.$0.9bn, most stable of any peer1 > Superior returns: ROACE2 of 20.8% versus peer average 11.7% > Robust balance sheet: gearing of 1.9% versus peer average 13.8
Slide 6: Consistent delivery on growth plans
Consistent delivery on growth plans > Liquids projects progressing: Dammam, Berri, Marjan and Zuluf on track > Gas growth: Jafurah phase 1 on track to commence in 2025; Tanajib Gas Plant onstream by 2025 Upstream > LNG portfolio expansion: increased stake in MidOcean to fund 15% stake in Peru LNG1 >
Slide 7: Operational strength driving financial performance
Operational strength driving financial performance Q3 2023 Q2 2024 Q3 2024 Quarter-on-quarter analysis Operational highlights > Resilient net income and stronger free Realized oil prices ($/bbl) 89.3 85.7 79.3 cash flows, despite lower oil prices Hydrocarbon production (mmboed) 12.8 12.3 12.7 Financ
Slide 8: Continuing to deliver through-cycle value and growth
Continuing to deliver through-cycle value and growth • Leveraged unique scale, high • +60% growth in sales gas • Low-equity, high-placement LTC • Focused on advantaged flexibility and reliability production capacity2 by 2030 acquisitions in high-growth markets opportunities in energy transition • Ad
Slide 9: Questions & Answers
Questions & Answers Saudi Aramco: Company General Use
Slide 10: Appendix
Appendix Saudi Aramco: Company General Use
Slide 11: Glossary and upcoming reporting dates
Glossary and upcoming reporting dates Glossary Reporting dates1 bbl Barrels of crude oil, condensate or refined products Million barrels of crude oil, condensate or refined mmbbl products Tuesday, boe Barrels of oil equivalent March 4th, 2025 Capital expenditure and external investments including ac
Slide 12: Saudi Aramco: Company General Use
Saudi Aramco: Company General Use