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Saudi Aramco

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Saudi Aramco is the world’s largest integrated oil and gas company; its upstream operations manages the Kingdom’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 around 79,800 people.

CEO video remarks: Half-year 2020 results

Despite COVID-19 bringing the world to a standstill, Aramco has kept going. We have proven our financial resilience and operational reliability, setting a record in our business operations, while at the same time taking steps to ensure the health and safety of our people. We are determined to emerge from the pandemic stronger and will keep making progress on our long-term journey through continued investments in our business.

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

Half-year 2020 results

Saudi Aramco’s H1 2020 Results

August 10, 2020

Saudi Aramco released its H1 2020 results on August 10, 2020.

Half-year 2020 highlights

Financial

  • Net income: SAR 87.1bn ($23.2bn)
  • Free cash flow: SAR 79.2bn ($21.1bn)*
  • Dividends declared for Q1 & Q2 2020: SAR 140.6bn ($37.5bn)
 

Operational

  • Hydrocarbon production: 12.7 mmboed
  • Crude oil production: 9.5 mmbpd
  • Reliability: 99.8%

* Download the non-IFRS measures reconciliation and definitions.