Aramco to report Q4 2021 financial results in March

Saudi Aramco will disclose financial results and dividends of Q4 2021 on Sunday and Monday March 20^th 21^st, according to an official statement published on its website.

Al-Rajhi Capital estimates that the oil giant will report a 141.2% jump of profits to SR 124.8 billion in Q4 2021 against SR 51.7 billion a year earlier.

Aramco disclosed a profit surge of 158% to SR 114.1 billion in Q3 2021 from SR 44.2 billion during the same period in 2020, spurred by higher oil prices, sales and refine profit margins.

Aramco’s net income for the 9-month period ended Sep 30^th 2021 soared to SR 291 billion from SR 131.31 billion during the same period of 2020.