Saudi Arabian Oil Co
2222: XSAU (SAU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SAR 72.90 | Gnyn | Fdfwtzhfq |
Aramco Caps Record Year, but Only a Modest Dividend Increase As Spending Set To Jump
Aramco reported record net income of $161.1 billion compared with $110.0 billion for full-year 2021 on higher oil prices and volumes and stronger refining margins. Total hydrocarbon volumes increased to 13.6 mmboe/d from 12.3 mmboe/d in 2021 as crude production increased to 11.5 mmboe/d from 9.2 mmboe/d in 2021.