- Net income: 106.16 billion riyals (-2.5% year-over-year), close to the estimate of 106.58 billion riyals.
- Operating profit: 206.45 billion riyals (-2.9% year-over-year), close to the estimate of 207.28 billion riyals.
- Net profit, including minority interest: 109.01 billion riyals (-3.4% year-over-year).
- Revenue: 425.71 billion riyals (+5.8% year-over-year).
- Base dividend: $20.3 billion.
- Performance-linked dividend: $10.8 billion.
- Total revenue: 470.61 billion riyals (+5% year-over-year), above the estimate of 421.66 billion riyals.
- Earnings per share (EPS): 0.44 riyals vs. 0.45 riyals year-over-year.
- Free cash flow: $18.96 billion (-18% year-over-year).
- Capital expenditure: $12.13 billion (+16% year-over-year).
- Earnings before interest and taxes (Ebit): 207.01 billion riyals (-2.4% year-over-year).
- Average realized crude oil price per barrel: $85.70 (+8.8% year-over-year).
- Expects to declare total dividend of $124.2 billion in 2024.
- Confident in medium and long-term demand growth forecasts.
- Analyst recommendations: 2 buys, 13 holds, 1 sell.
A look at Saudi Aramco Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
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
Based on the Smartkarma Smart Scores, Saudi Aramco demonstrates a promising long-term outlook. With a high score in dividends and strong marks in growth and resilience, the company is positioned to provide stable returns to investors while also showing potential for future expansion and the ability to weather market challenges. These scores indicate that Saudi Aramco is not only capable of delivering consistent dividend payments but also has the capacity for sustained growth and the ability to adapt and endure in changing market conditions.
Saudi Arabian Oil Co., known as Saudi Aramco, is an oil exploration company that engages in various aspects of the oil industry, including exploration, production, refining, distribution, and shipping. With a global customer base, Saudi Aramco plays a key role in the energy sector. The combination of solid dividends, growth potential, and resilience in the face of market fluctuations positions Saudi Aramco favorably for long-term success in the industry.
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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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