Aramco to announce H1 results and dividends… tomorrow

Tomorrow, Monday, Saudi Aramco is scheduled to announce its financial statements and dividends for the first half of the current year 2023, as the company announced earlier.

It is noteworthy that, on March 12, Aramco announced its financial results for the full year of 2022, as it recorded a record net income of 604.0 billion riyals, which represents its highest annual profit as a company listed on the financial market, and it also announced dividends amounted to 73.2 billion riyals for the fourth quarter of 2022, which was distributed in the first quarter of 2023.

These results were supported by strong oil prices, large quantities sold, and improved profit margins for refined products, while the company continues to enhance its oil and gas production capacity, as well as its portfolio in the refining, chemicals and marketing sector, to meet expected future demand.

Amin bin Hassan Al-Nasser, President and Chief Executive Officer of Saudi Aramco, the engineer, said at the time: “We consider the year 2022 a milestone in the company’s rich history on the financial and operational levels, and taking great steps towards the future – thanks to God – Saudi Aramco achieved record financial performance in the year 2022 AD, as global crude oil prices strengthened compared to the previous year, and at the same time, we continue our long-term strategy, which focuses on expanding energy investments as we expect oil and gas to remain essential sources in the foreseeable future, with an increase in energy demand and chemicals.”

The global energy giant had distributed profits after listing in the financial market for the first time in March 2020, at 0.3518 riyals per share, while the last distributions took place last May, which are for the first quarter of this year, at 0.3024 riyals per share. The total distribution of “Aramco” for the first quarter amounted to 73.16 billion riyals.