Tomorrow.. “Aramco” to announce Q1 financial results

Saudi Arabian Oil Company, Saudi Aramco, will announce its results for the first quarter of 2024 tomorrow, Tuesday, according to what it announced on its website.

The Saudi Arabian Oil Company “Saudi Aramco” had announced a net profit of 454.76 billion riyals during the fiscal year ending on December 31, 2023, compared to 604.01 billion riyals in 2022, a decrease of 24.7%.

Operating profit amounted to 868.29 billion riyals during the fiscal year ending on December 31, 2023, compared to 1,444.08 billion riyals in 2022, a decrease of 24.11%.

Saudi Aramco’s profits in 2023 exceeded the results of the five largest global oil companies combined in 2023.