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Financial Analysis of Saudi Arabian Oil Company (Saudi Aramco)

Download Executive Summary

Executive Summary


Founded in 1933, Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. The Company is the world's largest integrated oil and gas company. Saudi Aramco is organized into business units based on the main types of activities. At December 31, 2021, Saudi Aramco had two reportable segments, Upstream and Downstream, with all other supporting functions aggregated into a corporate segment. Upstream activities include crude oil, natural gas and natural gas liquids exploration, field development and production. Downstream activities consist primarily of refining and petrochemical manufacturing, supply and trading, distribution and power generation, logistics, and marketing of crude oil and related services to international and domestic customers. Corporate activities include primarily supporting services including Human Resources, Finance and IT is not allocated to Upstream and Downstream. This report analyses the performance of the Company for the five years ended December 31, 2021 and quarter ended March 31, 2022.

Key Discussion Points

  • Company's proved reserves of oil and gas
  • Saudi Aramco Revenue by Segment
  • Saudi Aramco Capital Expenditure
  • Company 's Upstream Production cost per barrel
  • Operating Profit Margin of Saudi Aramco that is far higher than its global competitors
 

Did you know?

  • Did you know that Aramco is the world's largest integrated oil and gas company.
  • The Company's crude oil production accounted for approximately one in every ten barrels of crude oil produced globally in 2021.
  • The Company's proved liquids reserves were more than five times the combined proved liquids reserve of the five major IOCs (BP, Chevron, ExxonMobil, Royal Dutch Shell, Total SA).
  • The Company had a gross refining capacity of 6.8 million barrels per day and net refining capacity of 4.0 million barrels per day.
  • Aramco earned net profit margin of 26.3% in 2021 while all the five major international oil companies either incurred net losses or single digit margins
  • Saudi Aramco has the lowest production cost of oil and gas in the world.
  • The company earned net profit of USD 148 billion in Q1 2022 compared to a net profit of USD 81.4 billion in Q1 2021.
  Interested to know more about the Saudi Aramco's financials? Find out in our latest report.

Why Download this Report?

Report covers Q1 2022 performance: The Report provides the financial and operating performance of the company for the five years ended December 31, 2021 and half year ended March 31, 2022.

Analysis covers Financial and Operating Details: The report provides insights on a range of aspects of the company's operations and financials including capacity and production details, oil and gas reserves, production cost, capital expenditure, income statement and balance sheet analysis, free cash flows, key financial ratios, common size income statement analysis and peer comparison with the five major international oil companies.

Key Data Points: The report presents important data points such as,

  • Upstream production details
  • Revenue by Segment
  • Assets & Liabilities details
  • Capital Expenditure by Segment
  • Income Statement & Balance Sheet Summary for 5 years
  • Key Ratio Analysis with peer comparison
  • Oil & Production Cost a Global Comparison

FAQ

Who prepared this report?
Experienced and qualified team of Marmore MENA Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies.

How exhaustive is this report?
The report spans 24 pages

Do you have updates?
No. This is a one off report.

Can I only download certain sections of the report?
No. The report can be downloaded in full length only

Can we ask questions?
Yes, by all means. You can write your queries to us at enquiry@e-marmore.com

Table of Contents

  • Introduction
  • Saudi Aramco Financial Analysis
  • Peer Analysis
  • Appendix

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