Significant under investment in supply Oil supply outlook1 Global oil capital spending3 mmbpd2 Bn 120 700 106 100 600 New investment required Estimated capex 80 Global supply with current required to meet level of spending 500…
Our strategy Upstream Downstream The worlds largest Pre-eminence De-risk upstream integrated energy and Capturing supply position chemical company, gap opportunity Integration operating in a safe, reliable and sustainable…
Upstream: Maximizing value Crude oil increments Growing MSC1 to 13mmbpd by 2027 Zuluf 600 mbpd 4 by 2026 mmbpd2 Marjan 300 by 2025 mbpd 13 MSC1 Berri 250 by 2025 mbpd 12 11 10 Crude oil production3 Dammam 25 mbpd…
Upstream: Maximizing value Potential to expand gas production by more than 50% by 2030 Mix of conventional and unconventional (e.g. Jafurah) Expanding gas storage Significant quantities of high-value liquids Domestic emissions…
Downstream: De-risking Upstream & capturing additional value Growing liquids to chemicals De-risks Upstream position through alternative uses of oil Long-term goal of up to 4mmbpd1 In-Kingdom and key export markets Reduces…
Strong position for a lower-carbon future Ambition to achieve Net Zero by 20501 Upstream carbon intensity: one of the lowest in industry2 Aiming for near zero Upstream methane emissions by 20303 Aiming to become global leader in…
Critical role for reliable, affordable energy with lower emissions Reliable, secure, lower carbon, Environmental stewardship Increased investment to and affordable energy support energy transition One of worlds Net-zero 2050 GHG…
Ziad Al-Murshed CFO Saudi Aramco FY 2021 Results Saudi Aramco: Company General Use
A year of achievements Upstream Downstream Corporate Commenced development of vast Started up Jazan refinery Completed two major portfolio Jafurah unconventional gas field optimization transactions Opened first branded…
2021 operational and financial highlights Operational Financial Hydrocarbon production Net income Capital expenditure 1 mmboed Bn Bn 12.3 110.0 31.9 FY 2020: 12.4 FY 2020: 49.0 FY 2020: 26.9 Crude oil production Free cash…
Balanced value and growth Value demonstrated over decades in existing asset base One of worlds largest energy resources 253.6 billion boe1 of reserves Long-term focus over decades not quarters Resilience across industry cycles…
Investing for growth 70 Capex1 (Bn) Growing until middle of decade 60 Increasing MSC2 to 13mmbpd3 Around 40-50 50 0.6 Increasing gas capacity 40 0.3 Growing liquids to chemicals 7.0 31.9 26.9 0.6 30 7.7 Carbon Capture and…
Financial flexibility Significant capability 1. Strong balance sheet: maintain high investment grade credit rating across cycles 2. Portfolio optimization 3. Expanding access to diversified sources of capital 4. Flexible…
Cash flow allocation priorities Sustaining capex SR Sustainable dividend Growth capex Additional dividend and/or further debt reduction Saudi Aramco FY 2021 Results 19 Saudi Aramco: Company General Use
Robust dividend policy Sustainable Progressive In line with future prospects and sustainable underlying growth in free cash flow Saudi Aramco FY 2021 Results 20 Saudi Aramco: Company General Use
2021 shareholder distributions 75bn cash dividend Board recommended 4bn in retained earnings to be capitalized Issuance of 1 bonus share for every 10 shares Signals Confidence in future growth Financial prudence in…
Energy security for a sustainable world One of worlds largest energy resources Low cost1, low upstream carbon intensity2 Investing for growth Net-zero by 2050 ambition3 Focus on technology & sustainability Enabled by human…
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