For nine months, profits fell by half – to $ 35 billion. The drop in the indicator is explained by the coronavirus pandemic and, as a result, a deterioration in the price environment.
Despite this, the company allocated $ 18.75 billion for dividends to shareholders in the third quarter of 2020.
Free cash flow of Saudi Aramco for the reporting period amounted to $ 12.4 billion, having decreased by 1.7 times year-on-year, and $ 33.5 billion in nine months (almost halving year-on-year). The company does not indicate the amount of revenue for this period.
The company’s Capex indicator for the third quarter amounted to $ 6.38 billion, for nine months – $ 20 billion.
Saudi Aramco’s hydrocarbon production in the nine months amounted to 12.4 million barrels of oil equivalent per day, including an average of 9.2 million barrels of oil per day.
source: wsj.com
