Saudi aramco net worth. The company reported $121.

Saudi aramco net worth But this figure could be more than what it appears. Mar 24, 2024 · Saudi Aramco net worth 2023: Saudi Aramco officially the Saudi Arabian Oil Company formerly Arabian-American Oil Company, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. SR Saudi Aramco Base Oil Company - Luberef. Under Nasser’s leadership, Aramco listed on Tadawul in December 2019. Saudi Aramco is the national oil company of Saudi Arabia and the fourth-largest company in the world by revenue. 1 billion contracts worth SAR 2. 29 Billion USD. It's unchanged over the past 30 days. 5 billion). The Saudi Arabian Oil Company (Saudi Aramco) was originally established in the Kingdom of Saudi Arabia by virtue of Royal Decree No. engages in the exploration, production, transportation, and sale of crude oil and natural gas. Nov 27, 2023 · Fortune recognized Saudi Aramco as the most profitable company ever in August. 1 billion. This deal has increased the value of the oil firm and its bonds. 4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring. 3 billion in its full-year 2023 financial results, marking the second-highest in its history. On 25 May 2012, Motiva officially completed its expansion of the refinery to a capacity of 600,000 bbl/d (95,000 m 3 /d) making it the largest refinery in North America and the fifth largest in the world. 0 billion for the same period last year. Aramco declared a fourth quarter dividend of $18. Page 3 of the New York edition with the headline: Now Worth $2 Trillion: Saudi Aramco. FY 2023 Results | 2. Hydrocarbon reserves of Saudi Arabian Oil Company (the Company) as at December 31, 2023, under the Concession agreement. 5% increase from the $110 billion Aramco registered in 2021. In March 2023, the company completed the acquisition of Valvoline Global Operations for $2. 4 billion) Mar 12, 2023 · Saudi Aramco reported a record net income of $161. Ziad T. As of January 2025 Saudi Aramco has a market cap of £1. With $111 billion in net income in 2018, Saudi Aramco, as the firm is known, had bigger returns last year than Apple Inc. Motiva Enterprises owns and operates the Port Arthur Refinery in Port Arthur, Texas. It is also boosting its net worth, as it is the largest oil company in • Net income: $29. 52 billion) in the third quarter of this year, exceeding analyst expectations, which projected a median net income 01 Saudi Aramco annual report 2018 saudi aramco results 2017-2018. May 19, 2024 · Saudi Aramco is the world's largest oil producer. 8 billion paid in 2023, up 30% from 2022 Saudi Aramco Third quarter and nine months interim report 2023 Third quarter highlights • Aramco announced its first international investment in LNG by signing definitive agreements to acquire a strategic minority stake in MidOcean Energy for SAR 1. 60 Saudi Arabia's state oil giant Saudi Aramco reported Sunday a more than doubling net income in 2021 of $110 billion from $49 billion in 2020, swollen by higher crude oil prices. Aug 7, 2023 · Saudi Aramco, Saudi Arabia's state-run oil company, saw its profits drop 30 percent in the first six months of 2023, as crude oil prices came back down following last year's surge in the wake of May 19, 2024 · The Wealth of the Saudi Royal Family: An Overview The Saudi Royal Family is one of the wealthiest families in the world, with an estimated net worth of over $1. Nov 25, 2023 · Since becoming the CEO of Saudi Aramco in 2015, Amin H. 44B. 3 billion in net income for 2023, its second-highest number ever. 1 trillion. These results highlight Aramco’s Saudi Aramco got its start in the 1930s when Standard Oil of California found large petroleum deposits while conducting operations at the behest of the government of Saudi Arabia. Jul 26, 2023 · Saudi Aramco Net Worth 2024. The net income or net profit of Saudi Aramco in 2022 was approximately 121. Oct 25, 2024 · Yasir Al-Rumayyan is a Chairperson of Saudi Aramco who has a net worth of $120 billion. 6 billion, reflecting Aramco’s market worth – aiming to bolster the fund as the kingdom prepares for a possible IPO of the company. 8 billion Industry Oil and gas Headquarters Dhahran, Saudi Arabia Area served Worldwide Founded 1933; 88 years ago Saudi Aramco net worth 2023: Saudi Aramco officially the Saudi Arabian Oil Company formerly Arabian-American Oil Company, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. #1 Saudi Arabia (94. The Saudi government still owns the vast majority of the firm’s shares. Aramco was the world’s largest oil company and third most valuable company as of May 15, 2023. The results, underpinned by Aramco’s unique operational flexibility, reliability and low-cost production base, reflect the Company’s ongoing This Annual Report covers financial and operational aspects of Aramco from January 1, 2020 to December 31, 2020, and . 3 billion (2022: $161. World-leading 2023 net income of $121bn and free cash flow of $101bn, second highest ever > Jun 17, 2024 · 1. Before taxes and other expenses, the firm Dec 11, 2019 · Saudi Aramco net worth and Saudi Aramco stock, Learn about the Saudi Aramco stock price and current position in the International exchange, All about Saudi Aramco market cap and Saudi Aramco stock price. This is because Saudi Arabia’s nominal GDP is around USD 1. May 30, 2024 · Value of net income of Saudi Aramco 2017-2023; Value of depreciation and amortization of Saudi Aramco from 2017-2023; Global sales of ethane by Saudi Aramco 2011-2019; Mar 11, 2024 · Saudi Aramco: Company General Use. consolidated nancial statements Net income 416,518 284,619 111,071 75,898 Net income With a career spanning over four decades, Nasser has held several leadership positions in Saudi Aramco and today manages a workforce of nearly 79,000 employees. 4% Saudi Aramco IOC 5 $73. Data based on company public Nov 5, 2024 · RIYADH: Energy giant Saudi Aramco reported a net profit of SR103. 8 billion, to be paid in the first quarter of 2022. Total Cash (mrq) 260. 2%) Saudi Arabia is the largest shareholder of Saudi Aramco, owning 94. Here are 8 interesting facts about the Saudi family’s net worth: 1. 3 billion ($0. Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. Nasser’s net worth has experienced significant growth. and Exxon Mobil Corp. Mar 12, 2023 · In 2021, Saudi Aramco’s total net profit was SR412. 79 trillion as of January 3, 2025. combined. 081 trillion. Oct 8, 2021 · The Saudi Public Investment Fund manages assets worth about $430 billion, according to Reuters, while Saudi Aramco is worth $1. 69. The Saudi royal family’s wealth comes from the vast oil reserves in the country. 804T as of Thursday, January 09 2025. In a statement, the firm revealed that its net profit for the third quarter witnessed a decline of 15. In April 2023, the Saudi government transferred 4% of Aramco Net income 103,365 122,188 27,564 32,583 314,646 354,540 83,906 94,544 Saudi Aramco Third quarter and nine months interim report 2024 projects worth SAR 12. The company reported $121. 2223. 1. Apr 14, 2023 · Let’s now go through the list of the largest shareholders of Saudi Arabian Oil Company one by one and look at who they are, how many shares they own, what is their voting power, and how much is their stake in Saudi Aramco worth. (Aramco) reported its biggest annual net income as a listed company with earnings of $161. 2 days ago · Net sales: 1,77700Cr Saudi Arabian Oil Company, also known as Saudi Aramco, is a Saudi Arabia-based integrated oil and gas company. 1bn (SAR604. 3. 5 per cent increase from $110bn a year earlier, driven by higher oil prices, increased volumes sold and improved Nov 5, 2024 · RIYADH: Energy giant Saudi Aramco reported a net profit of SR103. As of 2020, it is one of the largest companies in the world by revenue. It also operates 16. 1bn) for 2022, a 46. So, you may be asking: What is aramco's net worth? While aramco's real net worth is not Saudi Aramco today announced for the first time its half-year financial results. Yasir holds several high-profile positions, involving Governor of the Chairman of Newcastle United F. 88 billion ($0. May 30, 2024 · The total value of assets of Saudi Aramco in 2022 was approximately 660. 4. 8 billion to be paid in the third quarter. 43 trillion. Nov 5, 2024 · RIYADH: Energy giant Saudi Aramco reported a net profit of SR103. The agreements include the option for Aramco to increase its Mar 12, 2023 · However, that current price still gives Aramco a valuation of $1. Saudi Aramco was one of the most profitable companies in the world, and over doubled its net Mar 12, 2022 · Net Worth of Saudi Aramco. Saudi Arabia Aramco is leading world companies. If we talk about the revenue, Saudi Aramco is the 2nd largest in the world. See its market cap, revenue, earnings and price history from 2019 to 2024, and compare it with similar companies. Saudi Aramco . 6 billion) Cash flow from operating activities: $35. Check out Saudi Aramco's net worth in US Dollar Jan, 2025. In July 2017, Al-Assaf led the Saudi delegation in the G20 meeting in Hamburg, Germany. Mohammed bin Salman Al Saud (Arabic: محمد بن سلمان آل سعود, romanized: Muḥammad bin Salmān Āl Su‘ūd; born 31 August 1985), also known as MBS or MbS, is the de facto ruler of the Kingdom of Saudi Arabia, [1] formally serving as Crown Prince and Prime Minister. As the head of one of the largest and most profitable companies in the world, Nasser’s compensation package likely includes a substantial salary, bonuses, and other incentives. SR) Market cap: ₹155. 2. 484 Trillion. Its Upstream operations manages Saudi Arabia's unique hydrocarbon reserve base of 251. 4 billion. 3 billion, its second-highest ever net income. is issued in both Arabic and English. 1 billion) • Total dividends of $97. 9 billion. 113. What is the estimated net worth of the Saudi royal family? The estimated net worth of the Saudi royal family is around $1. Aramco is the world’s largest state-owned entity and 2nd largest company by market capitalization […] Mar 24, 2022 · Aramco today announced its full-year 2021 financial results, reporting that net income more than doubled year-on-year to $110. Saudi Aramco is the world’s most successful oil and gas company which has recently revealed that its net worth for 2024 was an incredible USD 2. Saudi Aramco publicly listed a sliver of its worth back in late 2019. 6 billion to expand its downstream presence in China. According to Saudi Aramco's latest financial reports the company has $451. 2 trillion to invest by 2030. Net Income Avi to Common (ttm) 410B. The Companyâ s primary Mohammed bin Salman Al Saud (Arabic: محمد بن سلمان آل سعود, romanized: Muḥammad bin Salmān Āl Su‘ūd; born 31 August 1985), also known as MBS or MbS, is the de facto ruler of the Kingdom of Saudi Arabia, [1] formally serving as Crown Prince and Prime Minister. . 5 billion, to be paid in the first quarter of 2023. 4 billion) Aug 1, 2023 · Magazine · Saudi Aramco Saudi Arabia has the most profitable company in the history of the world, with $3. Saudi Aramco Saudi Aramco (2222. The company Nov 18, 2019 · [This is not intended as investment advice, but a stab at illuminating the primary issues involved in the IPO. They recently issued $1. 29 Billion USD in net assets. Dec 31, 2023 · The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2023 financial results, reporting a net income of $121. 40 percent compared to the same period in 2023, due to challenging market Nov 6, 2024 · Aramco has announced its Q3 results for 2024. Leave alone the net worth of King Charles III, the Saudi royal family’s wealth around 16 times that of the net worth of the entire British royal family. The Riyadh-based firm also reported a total comprehensive income of SR622. Saudi Aramco was named the world’s fifth-largest public company in the 2020 Forbes Global 2000. Dec 16, 2019 · The company reported $68 billion in net income for the first nine months of 2019. The Saudi royal family is known for its immense wealth and influence. This transaction could provide additional financing for Vision 2030. Saudi Aramco is the world's largest oil company and the 6th most valuable by market cap. 4 billion, with a market value of $2. 2 billion barrels of oil equivalent (as of the end of 2023), optimizing production and maximizing long-term value. 6 billion (Q3 2023: $32. 7 million metric tons of chemical manufacturing capacity Dec 3, 2024 · In a strategic move in March, Saudi Arabia transferred 8% of Aramco’s shares to the PIF – valued at around $163. 24% in one year. Nov 9, 2024 · Aramco has announced its Q3 results for 2024. The Company’s net income was $46. Aramco also successfully deployed the Saudi Aramco Second quarter and half year Jun 28, 2024 · That makes the Saudi royal family’s wealth around 16 times that of the net worth of the British royal family. The results, underpinned by Aramco’s unique operational flexibility, reliability and low-cost production base, reflect the Company’s ongoing May 29, 2024 · Value of net income of Saudi Aramco from 2017 to 2023 (in billion U. With a net worth estimated to be in the trillions of dollars, the Saudi family is one of the wealthiest in the world. In 2022, Saudi Aramco’s revenue reached $604. Dec 10, 2019 · What's Saudi Aramco Worth? Its 3. Some of the highlights include: Net income: $27. The figure represented a 46. It has the world's second-largest crude oil reserves and largest daily oil production, and its shares were traded on the Saudi Exchange in 2019. IOC 5 = International Oil Companies: BP, Chevron, ExxonMobil, Shell, Total. 37 billion ($27. 2% of its shares. The Arabic version prevails in the event of any discrepancy. Jan 2, 2025 · Saudi Arabian Oil Company has a market cap or net worth of 6. 0 Mar 20, 2022 · The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2021 financial results, reporting that net income more than doubled year-on-year to $110. Balance Sheet and Cash Flow. 9 trillion — making it the world’s second most valuable company behind only Apple. This figure includes the market capitalization of Saudi Aramco, the state oil and gas company, and its vast assets in fossil fuel reserves. 85 trillion. 1 trillion, according to 2024 estimates by the International Monetary Fund (IMF). SR) stock is $1. of California (Chevron) in 1933 after obtaining a permit from the Saudi Arabian government. dollars) Premium Statistic Value of income before income tax of Saudi Aramco 2017-2023 Oct 29, 2024 · Saudi Aramco is an oil company that is located in Saudi Arabia and it has a net worth of $2. Order Reprints | Today Mar 12, 2023 · The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2022 financial results, reporting a record net income of $161. 9 billion for the first half 2019, compared to $53. Diluted EPS (ttm) 1. Prior to this position, Al-Murshed was acting service line head for Finance, Strategy & Development, a role he started in July 2021. This liquid gold has fueled their fortunes, channelled primarily through Saudi Aramco, the world’s largest state-controlled oil company. Saudi Aramco was ranked one of the most profitable companies worldwide according to its credit Mar 10, 2024 · RIYADH: Saudi Arabian Oil Co. 6 billion). 15 percent compared to 2021. Capital expenditures do not include external investments. As of January 2025 Saudi Aramco has a market cap of €1. The market capitalization, commonly called market cap, is the total market value of a May 6, 2024 · It’s been more than 90 years since Saudi Aramco company was established. Jul 11, 2024 · The estimated net worth of the Al Saud family, or House of Saud, is around USD 1. 07 billion in 2022. 63 billion in 2022, up 48. In March 2021, Saudi Aramco announced that earnings in 2020 would be roughly 45% lower than in 2019, due to global lockdowns following the COVID-19 epidemic. Explore our financial performance in detail in our company financial summary. The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2023 financial results, reporting a net income of $121. It also acquired a 10% stake in Shenzhen-listed Rongsheng Petrochemical for $3. Talking about Saudi Aramco Net Worth today, then it is estimated to be around $2 Trillion. Net Worth and the CEO Saudi Aramco: Confidential Unrivalled financial performance $88. com. The current market cap or net worth for Saudi Aramco (2222. 1 billion — its highest annual profits as a listed company. 27 billion U. For definition of net cash and average capital employed, refer to “Non-IFRS measures reconciliations and definitions”. (M/8) dated 4/4/1409H (corresponding to 13 November 1988G) as a company wholly owned by the State with a fully paid share capital of sixty billion Saudi Riyals (SAR 60,000,000,000). 2bn Saudi Aramco IOC 5 $78. Al-Murshed was appointed as Executive Vice President & Chief Financial Officer, effective May 1, 2022. Aramco has been expanding its oil production in recent years. Saudi Arabian Oil Company (Saudi Aramco) Financial Summary. S. SR) Market cap: £1. 5 billion in bonds, and signed a deal with a consortium led by EIG to sell the company’s oil. This makes Saudi Aramco the world's 6th most valuable company by market cap according to our data. , Public Investment Fund (PIF), and Chairman of Saudi Aramco. 4 trillion. Saudi Aramco earlier was known as Arabian-American Oil Company is the state-owned petroleum company. The market capitalization, commonly called market cap, is the total market value of a publicly What is Saudi Aramco net worth? Net worth US$329. Who will say no to that tidal wave of cash? In addition to being finance minister, Ibrahim was a member of the board of directors of Saudi Aramco from 1996 [7] and the chairman of the Saudi Fund for Development and a member of the Public Investment Fund board. 2 billion (Q3 2023: $31. How many members are there in the Saudi royal family? Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. A company’s net assets is the sum of its assets minus the sum of its liabilities. As of January 2025 Saudi Aramco has a market cap of $1. 52 billion) in the third quarter of this year, exceeding analyst expectations, which projected a median net income of $26. The figure for 2022 was 161. 0 billion. dollars. 1 mmb/d of net refining capacity makes it the world’s fourth-largest refiner. Its market cap has decreased by -15. Aug 14, 2022 · The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income and declaring a dividend of $18. 3bn Saudi Aramco 28. 52 billion) in the third quarter of this year, exceeding analyst expectations, which projected a median net income Saudi Aramco: Public Press Release Aramco announces full-year 2023 results Second-highest ever net income, total dividends paid rises 30% year-on-year • Second highest ever net income of $121. 2bn Saudi Aramco IOC 5 Net income Free cash flow2 ROACE2,3 Dividends & share buybacks 1 1 1 1 1. Aramco also declared a fourth quarter dividend of $19. Market capitalization of Saudi Aramco (2222. As of January 2025 Saudi Aramco has a market cap of ₹155. Saudi Aramco is an oil firm that was founded by the Standard Oil Co. Sep 1, 2023 · Since the discovery of oil in the 1930s, the wealth of the Saudi royal family has been anchored in oil revenues. Yasir Al-Rumayyan’s career path Market capitalization of Saudi Aramco (2222. The print version is identical to its PDF counterpart, which is available at aramco. 761 Trillion. The family’s wealth is derived from a range of sources, including oil revenues, real estate, investments, and other business ventures. C. Here we’ll will take a closer look at the wealth of the Saudi Royal Family and how it Aug 14, 2022 · Oil giant Saudi Aramco on Sunday unveiled record profits of $48. Saudi Aramco is one of the world’s largest integrated energy and chemicals companies. SR) - Net assets Net assets on the balance sheet as of September 2024 : $451. ] The Saudi Aramco IPO, as recently announced, suggests a value on the company of $1. 78 billion U. The company’s net income was $35 billion for the first nine months of 2020. Select list Dec 1, 2024 · The aramco YouTube channel started in 2013 and is based in Saudi Arabia. Saudi Arabian Oil Co. 822 Trillion USD. 65 billion. has announced a net income of $121. 511 Trillion. Aramco announces first quarter 2024 results Q1 net income remains robust as Company progresses its growth strategy Key financial results First quarter ended March 31 SAR USD* All amounts in millions unless otherwise stated 2024 2023 Net income 102,271 119,542 27,272 31,878 EBIT1 201,384 221,548 53,702 59,079 Capital expenditures 40,621 32,797 Mar 21, 2023 · Driven by pricier crude oil, Saudi Arabian Oil Co. These oil revenues have funded not only opulence but also government initiatives. Saudi Aramco salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Saudi Aramco based on real numbers. pbi wsgq rjntbk chbuwy uflyz hlrui lrlnorc psco ryzoi ornr