Our attractive investor proposition delivers value through cycles.
At Aramco we invest in growth and innovate for greater sustainability, unlocking new and untapped opportunities.
All of which has helped us attain and maintain our position as one of the world’s highest-earning companies since our initial public offering in 2019.
Reasons to invest with us
From our unparalleled operational scale, to our full control of our closely-integrated Upstream assets, we have a wide range of competitive advantages that set us apart.
“We continue to deliver on our strategy by growing our existing core business as well as expanding into new geographies and working to develop new businesses such as carbon capture and storage, synthetic fuels, blue hydrogen technologies, renewables, and offsets.”
Amin H. Nasser, Aramco President & CEO
Our sustained competitive advantages
These include:
- Favorable geology
- Economies of scale
- Sole upstream control
- Long-term focus
- Deployment of technology
- Flexibility from spare capacity
Aramco continues to demonstrate our strong operational flexibility and supply reliability by delivering crude and other products in a timely manner.
Reliability
Delivery obligations fulfilled within 24 hrs
99.8%
2023
Low-cost operations
Our low lifting costs and capital expenditures per barrel of oil equivalent produced1 stems from the unique nature of the Kingdom’s geological formations, the location of our reservoirs in favorable onshore and offshore environments, and our access to a large infrastructure and logistics network, all enhanced by the scaled application of technology2.
Strategy in action
Leadership in technology
Sustainable growth
World-scale refining system
Lower-carbon initiatives
Large-scale decarbonization
Part of being a sustainable business in 2024 requires the adoption and implementation of a clear emissions reduction strategy. This is why Aramco have stated our ambition to attain Net-zero Scope 1 and Scope 2 greenhouse gas emissions across our wholly-owned operated assets by 2050.
Supply chain resilience
Increasing the localization of our supply chain
70%
2025 target for local content
Financial strengths
Our world-leading net income and cash flows
Delivering on our significant and accretive investment program
Our robust balance sheet and high investment-grade credit rating5
The application of consistent fiscal discipline with clear cash flow allocation priorities
Well-positioned for the Energy Transition
We believe Aramco is well-positioned to actively participate in addressing the world’s growing need for affordable and reliable energy6.
We are providing continued investment to help meet this future market demand.
Our corporate strategy supports energy security and affordability, and promotes sustainable practices in support of an orderly and balanced Energy Transition.
Our enhanced distributions
The price of shares and the income derived from them can go down as well as up and investors may not get back the amount originally invested. Investors should be aware that past performance is not necessarily a guide to future performance. An investment in Saudi Aramco shares may not be suitable for all investors. You should take independent financial advice before making any investment decision.
Footnotes
1. ‘Low-cost’ refers to our low lifting cost and capital expenditures per barrel of oil equivalent produced, based on our 2023 reported figures
2. Refers to Aramco’s Digital Transformation program – learn more about it here
3. Refers to Aramco’s wholly-owned refineries as of the end of 2023
4. ‘Global equity refining capacity’ is calculated by multiplying the gross refining capacity of each refinery in which Aramco has an interest by its percentage equity ownership
5. Assessed on standalone-basis by Moody’s and Fitch
6. Based on IEA World Energy Outlook 2022: Total primary energy demand in IEA NZE Scenario - outlook-for-energy-demand
7. Dividends are subject to the Board’s discretion and declared in accordance with the dividend distribution policy
8. Anticipated total dividends in 2024. Exact amounts and eligibility dates for the remaining dividends to be declared in 2024 will be announced, if and when declared at the Board’s sole discretion, after considering the Company’s financial position and ability to fund commitments including growth capital plans, in accordance with the Company’s dividend distribution policy
9. Dividends declared and to be paid in May 2024
10. Indicative figures based on anticipated base dividend and PLD to be declared in 2024. The dividend amounts for remaining quarters of 2024 have not been declared and are subject to the discretion of the Board