| 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 second quarter of 2021 was SAR 95.47 billion ($25.46 billion), compared to SAR 24.62 billion ($6.57 billion) for the same quarter of 2020. This strong performance was primarily driven by higher crude oil prices, improved refining and chemicals margins and the consolidation of SABIC’s results. This was partially offset by lower crude oil volumes sold and higher crude oil production royalties. |
| 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 second quarter of 2021 was SAR 95.47 billion ($25.46 billion), compared to SAR 81.44 billion ($21.72 billion) for the first quarter of 2021. The increase was primarily driven by higher crude oil prices and improved refining and chemicals margins, partially offset by higher crude oil production royalties. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
Net income for the first half of 2021 was SAR 176.91 billion ($47.18 billion), compared to SAR 87.10 billion ($23.23 billion) for the same period in 2020, mainly reflecting the impact of rising crude oil prices and strong Downstream earnings – including inventory movement gains and the consolidation of SABIC’s results – partially offset by a decrease in crude oil volumes sold and higher crude oil production royalties. |
| 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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