Saudi Arabian Oil Company (Saudi Aramco) Announces its Annual Financial Results for the Year Ended on 2020-12-31.

21 March 2021 08:36 AM

SAUDI ARAMCO 2222 -2.50% 31.25 -0.80

Element List	Current Year	Previous Year	%Change
Sales/Revenue	768.11	1,105.7	-30.531
Gross Profit (Loss)	-	-	-
Operational Profit (Loss)	383.36	674.87	-43.194
Net Profit (Loss) after Zakat and Tax	183.76	330.69	-44.431
Total Comprehensive Income	179.91	331.45	-45.72
Total Share Holders Equity (after Deducting Minority Equity)	990.85	1,035.07	-4.272
Profit (Loss) per Share	0.93	1.65
All figures are in (Billions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Net income of SAR 183.76 billion ($49.00 billion) for the year ended December 31, 2020, primarily reflects the impact of lower crude oil prices and volumes sold, and weakened refining and chemicals margins, when compared to net income of SAR 330.69 billion ($88.19 billion) in 2019.
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	None
Additional Information	* Given the nature of Saudi Aramco’s business in prospecting, exploring, drilling and extracting hydrocarbon substances (Upstream), Saudi Aramco’s consolidated statement of income does not include gross profit.
Attached Documents

Aramco announces full-year 2020 results

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