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Saudi Arabian Oil Company (Saudi Aramco) Announces its Interim Financial Results for the Period Ended on 2021-03-31 ( Three Months )

SAUDI ARAMCO 2222 -2.50% 31.25 -0.80
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 272.07 225.57 20.614 219.25 24.091
Gross Profit (Loss) - - - - -
Operational Profit (Loss) 151.89 129.73 17.081 104.49 45.363
Net Profit (Loss) after Zakat and Tax 81.44 62.48 30.345 52.46 55.242
Total Comprehensive Income 93.13 47.93 94.304 57.66 61.515
All figures are in (Billions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (after Deducting Minority Equity) 1,010.41 1,069.93 -5.562
Profit (Loss) per Share 0.39 0.32
All figures are in (Billions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Net income for the first quarter of 2021 increased to SAR 81.44 billion ($21.72 billion), from SAR 62.48 billion ($16.66 billion) for the same period in 2020, primarily driven by higher crude oil prices, improved downstream margins and the consolidation of SABIC’s results, partly offset by lower crude oil volumes sold.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Net income for the first quarter of 2021 was SAR 81.44 billion ($21.72 billion), compared to SAR 52.46 billion ($13.99 billion) for the fourth quarter of 2020. The increase primarily reflects the impact of higher crude oil prices and improved downstream margins, partly offset by a decrease in crude oil volumes sold.
Statement of the type of external auditor's report Unmodified conclusion
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      
SAUDI ARAMCO Quarterly Financials Report Q1 2021
Aramco announces first quarter 2021 results

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