Amin Nasser President & CEO 3Saudi Aramco: Company General Use
Proactive protective measures Getting ahead of the curve through prevention COVID-19 response Business continuity focus Protecting and enabling operations and update Enhanced resilience and dynamic working patterns Leverage…
Challenging macro-economic environment Brent Global demand1 (/bbl) (mmbpd)2 75 Actual Forecast 110 60 Unprecedented reduction 100 45 in global demand due to 30 90 pandemic 15 0 80 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4…
H1 2020 milestones Highest net income, dividends and Continued leadership in upstream Total Shareholder Return amongst carbon intensity major oil companies since IPO Significant contribution to OGCI1 Dividend delivery: aggregate…
Khalid Al-Dabbagh CFO 7Saudi Aramco: Company General Use
H1 2020 operational and financial performance Hydrocarbon production Net income Capital expenditure 12.7mmboed 1 23.2bn 13.6bn H1 2019: 13.2 H1 2019: 46.9bn H1 2019: 14.5bn Crude production Free cash flow3 Dividends paid…
Sources and uses of cash H1 20191 H1 20202 ( billion) ( billion) 14 35 7 14 121 52 46 35 58 32 Sources Uses Sources Uses Net cash flow from operations Capex Cash acquired on acquisition Dividends 1. 2019…
Impact of SABIC acquisition Positioned within top petrochemicals players globally Petrochemicals production of 90 million tonnes combined1 Payment over eight years Dividends received from closing onwards Full consolidation…
Capital discipline and flexibility Total capex1 ( billion) 40 Capital spending remains under continuous 35 scrutiny and review 30 25-30bn 2020: lower end of 25-30bn range2 25 20 2021 and beyond under review: expected to be…
Shareholder distributions ( billion) 1 80 75 73 70 Intention to declare aggregate ordinary 58 cash dividends of 75bn in respect of 2020 60 50 subject to Board approval 50 40 Dividend prioritization for public…
Financial strength across cycles Rigorous capital allocation process 5-15% target gearing across the cycle1 Dividend priority for public shareholders 1. Gearing calculated as net debt to net debt plus book equity 13Saudi…
Committed to value creation Resilient financial performance Responsive to changing environment 2020 capital spending lowered Intention to declare 75bn dividend1 1. Subject to Board approval 14Saudi Saudi Aramco:…
Amin Nasser President & CEO 15Saudi Saudi Aramco: Company General Use
Sustainable and growing free cash flow Liquids Gas Downstream Potential for continued Meet growing domestic Enhancing performance volume growth demand - Asset optimization Advantaged low cost, Commercial returns - SABIC…
Questions & Answers 17Saudi Saudi Aramco: Company General Use
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