Saudi Aramco (ARAMCO) Earnings Fall Short of Expectations: Full Year Operating Profit Drops by 24%

Saudi Aramco on Smartkarma

Smartkarma, an independent investment research network, is providing extensive coverage of Saudi Aramco, the world’s largest oil producer. According to the latest research reports from Caixin Global, a provider on Smartkarma, Aramco has recently formed a closer tie-up with its Chinese partner, Rongsheng Petrochemical Co. Ltd. This partnership includes a stake in each other’s subsidiaries, with Rongsheng buying a 50% stake in Aramco’s refining unit and selling up to 50% stake in its own unit to Aramco. This move is seen as a strategic step for both companies to further expand their presence in the global oil market.

In another report by Caixin Global, it was revealed that Aramco is also increasing its investment in refining and petrochemical facilities in China. This comes as the company aims to maximize profits in the face of a global shift towards renewable energy sources. Aramco’s Senior Vice President of Strategy and Market Analysis, Fahad Al-Dhubaib, highlighted the importance of their partnerships in China, stating that it allows them to create new opportunities for growth and tap into the country’s increasing integration of refining and petrochemical processes. This shows the significance of China as a key market for Aramco’s business in Asia and globally.

A look at Saudi Aramco Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, the long-term outlook for Saudi Aramco is looking positive. The company has received an overall score of 4 out of 5, indicating a strong performance across multiple factors.

Looking at individual scores, Saudi Aramco has received a score of 3 for value, suggesting that the company is trading at a fair price. The highest score of 5 has been given for dividends, indicating that the company has a strong track record of paying out dividends to its shareholders.

Additionally, Saudi Aramco has received a score of 4 for both growth and resilience, suggesting that the company has a solid growth potential and is well-equipped to handle any potential challenges in the market. However, the company has received a lower score of 2 for momentum, indicating that it may not be performing as well in terms of market performance.

Overall, Saudi Aramco is a leading oil exploration company that operates globally and provides a range of services related to hydrocarbons. With a strong track record in dividends and a positive outlook for growth and resilience, the company appears to be in a good position for long-term success.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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