Saudi Aramco Announces Its Results… While the Market Continues Its Steady Decline
Mar 8, 2025
Mar 8, 2025
Saudi Aramco Announces Its 2024 Results
Saudi Aramco has announced that it achieved a net profit exceeding SAR 398.42 billion by the end of the 2024 fiscal year.
Revenues:
Revenues rose to SAR 428,591.00 million in the fourth quarter of 2024, compared to SAR 459,287.00 million in the same quarter of the previous year, marking a decline of (6.7%), and SAR 464,625.00 million in the prior quarter, reflecting a drop of (7.8%).
Revenues rose to SAR 428,591.00 million in the fourth quarter of 2024, compared to SAR 459,287.00 million in the same quarter of the previous year, marking a decline of (6.7%), and SAR 464,625.00 million in the prior quarter, reflecting a drop of (7.8%).
Net Profits:
Profits decreased to SAR 86,756.00 million in the fourth quarter of 2024, compared to SAR 102,867.00 million in the same quarter last year, a decline of (15.7%), and SAR 97,621.00 million in the previous quarter, down by (11.1%).
Profits decreased to SAR 86,756.00 million in the fourth quarter of 2024, compared to SAR 102,867.00 million in the same quarter last year, a decline of (15.7%), and SAR 97,621.00 million in the previous quarter, down by (11.1%).
Additionally, Saudi Aramco announced cash dividends for the fourth quarter of 2024:
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A dividend of SAR 0.3312 per share for Q4 2024.
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A total distributed amount of SAR 80.10 billion for Q4 2024 profits.
Summary of the Company’s Financial Performance for 2024:
Revenues increased by 5.7% to reach SAR 1,801,674.00 million, though they declined by (2.9%) compared to the previous year. This is attributed to:
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Lower crude oil prices and volumes sold.
Total Annual Results for 2024:
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Revenues: Revenues rose to SAR 1,801,674.00 million, compared to SAR 1,856,373.00 million the previous year, a decrease of (2.9%).
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Net Profits: Profits fell to SAR 393,891.00 million, compared to SAR 452,753.00 million last year, down by (13.0%).
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Earnings Per Share: Earnings per share increased to SAR 1.63, compared to SAR 1.87 the previous year, reflecting a decline of (13.0%).
Source: Tadawul – Saudi Bulletin
