Core Viewpoint - The CEO of Saudi Aramco, Amin Nasser, believes that the fundamentals of the oil market remain strong, with global oil demand expected to increase by over 2 million barrels per day in the second half of the year [1] Financial Performance - Saudi Aramco reported a more than 12% year-on-year decline in revenue for the first half of the year, totaling $108.934 billion, and a net profit drop of over 10% to $50.868 billion, equating to nearly $280 million per day [1] - The average selling price of crude oil for Saudi Aramco decreased by $13 to $71.5 per barrel, significantly below the $90 per barrel needed for the Saudi government to achieve budget balance according to the IMF [1] Dividend Policy - The company declared a second-quarter base dividend of $21.1 billion, with performance-linked dividends at $219 million, significantly lower than the $10.78 billion from the previous year [2] - The basic dividend exceeded the company's free cash flow of $15.2 billion for the same period, while the debt-to-equity ratio rose from 5.3% at the end of the first quarter to 6.5% at the end of the second quarter [2] Operational Developments - Saudi Aramco made significant progress in oil and gas development, with projects like Berri, Marjan, and Zuluf oil production expansions and the Jafurah gas processing plant advancing as planned [3] - The company launched a premium fuel product line in Chile and Pakistan, contributing to continued growth in its retail business [3] Strategic Initiatives - Despite the decline in prices, Saudi Aramco is attempting to boost revenue by increasing the production of oil and gas-related products, with refinery and chemical product sales rising compared to the first quarter [4] - The company is committed to investing in various sectors to leverage its advantages in large-scale production, low costs, and technological advancements for long-term growth [5] - Saudi Aramco is actively participating in large-scale integrated refining and chemical projects in China, recognizing the country's significant role in the global chemical market [5]
日赚20亿元,沙特阿美高层看好下半年石油需求并称中国是重要战略市场
Di Yi Cai Jing·2025-08-07 09:53