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 |
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