Investor overview

Saudi Aramco

Summary of key financials and investor information.

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 more than 70,000 people.

Q1 2023 results announcement

Saudi Aramco's Q1 2023 results announcement

May 9, 2023

Saudi Aramco announced its Q1 2023 results and dividend on May 9, 2023.

First-quarter 2023 highlights


  • Net income: SAR 119.5bn ($31.9bn)
  • Free cash flow: SAR 115.9bn ($30.9bn)*
  • Dividend paid: SAR 73.2bn ($19.5bn)


  • Hydrocarbon production: 12.8 mmboed
  • Reliability: 99.7%

Intention to introduce a mechanism for performance-linked dividends**

  • To be targeted in the amount of 50–70% of Aramco’s annual free cash flow, net of the base dividend and other amounts including external investments
  • To be determined with the annual results
  • Intended to be distributed quarterly

* Non-IFRS measure: Please refer to Non-IFRS measures reconciliations and definitions section of the Q1 2023 Interim Report for further details.
** Performance-linked dividends are at the Board’s discretion. Board will consider the Company’s financial position, ability to fund commitments including growth capital plans.


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CEO video remarks: Full-year 2022 results

“Aramco delivered record financial performance in 2022, and we continued to focus on our long-term strategy, building both capacity and capability across the value chain with the aim of addressing energy security and sustainability.”

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