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Saudi Arabian Oil Company (Saudi Aramco) Announces its Interim Financial Results for the Period Ending on 2021-06-30 (Six Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 312.35123.23153.469272.0714.805
Gross Profit (Loss) -----
Operational Profit (Loss) 179.1253.09237.389151.8917.927
Net Profit (Loss) after Zakat and Tax 95.4724.62287.77481.4417.227
Total Comprehensive Income 93.9124.9277.14893.130.837
All figures are in (Billions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 584.43348.867.554
Gross Profit (Loss) ---
Operational Profit (Loss) 331182.8281.052
Net Profit (Loss) after Zakat and Tax 176.9187.1103.111
Total Comprehensive Income 187.0472.83156.817
Total Share Holders Equity (after Deducting Minority Equity) 1,029.471,025.570.38
Profit (Loss) per Share 0.850.44
All figures are in (Billions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net income for the second quarter of 2021 was SAR 95.47 billion ($25.46 billion), compared to SAR 24.62 billion ($6.57 billion) for the same quarter of 2020. This strong performance was primarily driven by higher crude oil prices, improved refining and chemicals margins and the consolidation of SABIC’s results. This was partially offset by lower crude oil volumes sold and higher crude oil production royalties.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Net income for the second quarter of 2021 was SAR 95.47 billion ($25.46 billion), compared to SAR 81.44 billion ($21.72 billion) for the first quarter of 2021. The increase was primarily driven by higher crude oil prices and improved refining and chemicals margins, partially offset by higher crude oil production royalties.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net income for the first half of 2021 was SAR 176.91 billion ($47.18 billion), compared to SAR 87.10 billion ($23.23 billion) for the same period in 2020, mainly reflecting the impact of rising crude oil prices and strong Downstream earnings – including inventory movement gains and the consolidation of SABIC’s results – partially offset by a decrease in crude oil volumes sold and higher crude oil production royalties.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items None
Additional Information * Given the nature of Saudi Aramco’s business in prospecting, exploring, drilling and extracting hydrocarbon substances (Upstream), Saudi Aramco’s consolidated statement of income does not include gross profit.
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The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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