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Company financial summary

Saudi Aramco is one of the world’s largest integrated oil and gas companies; its upstream operations manages Saudi Arabia's unique hydrocarbon reserve base, optimizing production and maximizing long-term value.

It also operates a strategically integrated global downstream business.

Headquartered in the city of Dhahran, the company operates within the Kingdom and worldwide, and employs more than 73,000 people.

Full-year 2023 highlights

Financial

SAR454.8bn

$121.3bn

Second highest ever net income

SAR379.5bn

$101.2bn

Free cash flow*

SAR366.7bn

$97.8bn

Dividends paid (up 30% y/y)**

Operational

12.8mmboed

Hydrocarbon production

10.7 (kg of CO2e/boe)

Upstream carbon intensity

99.8%

Supply reliability

* Non-IFRS measure: Please refer to Non-IFRS measures reconciliations and definitions for further details.

** Board declares 4% y/y increase in base dividend for Q4 2023 to reach SAR 76.1bn ($20.3bn), to be paid in Q1 2024, and 9% increase in performance-linked dividend distribution of SAR 40.4bn ($10.8bn), compared to two payments of SAR 37.0bn ($9.9bn) in H2 2023

March 11, 2024

FY 2023 results announcement

Saudi Aramco has published its full-year 2023 results on March 11, 2024.
Annual Report 2023
FY 2023 Press release

Full-year 2023 results

“Our strong results reflect our resilience and ability to adapt through market cycles. We continue to demonstrate our long-standing ability to meet the needs of customers around the world with high levels of reliability. For our shareholders, we intend to start distributing our first performance-linked dividend in the third quarter.”

Amin H. Nasser, President and Chief Executive Officer of Aramco

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CEO video remarks: Full-year 2023 results

Latest financial reports

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2023 Financial Reports

Full year financial report

March 11, 2024

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Annual Report 2023

This Annual Report covers financial and operational aspects of Aramco.

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