Core Viewpoint - Weak international oil prices are diminishing Saudi Arabia's government revenue, raising concerns about the financing prospects of the Saudi Vision 2030 initiative led by Crown Prince Mohammed bin Salman [1][2] Group 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, with net profit down over 10% to $50.868 billion, equating to nearly $280 million per day [1] - The average selling price of crude oil for Saudi Aramco fell by $13 per barrel to $71.5, significantly below the $90 per barrel needed for the Saudi government to achieve budget balance as per the International Monetary Fund [1][2] - The company's second-quarter base dividend was $21.1 billion, while performance-linked dividends were $219 million, a significant drop from $10.78 billion in the same period last year [2] Group 2: Operational Developments - Despite the decline in oil and chemical product prices, Saudi Aramco's sales volume for refining and chemicals increased compared to the first quarter, partially offsetting the impact of lower prices [2] - The company is advancing several key projects, including the Berri, Marjan, and Zuluf oil production projects, as well as the Jafurah gas processing plant [2] Group 3: Strategic Focus - Saudi Aramco's CEO Amin Nasser emphasized the company's commitment to investing in various sectors to leverage its advantages in scale production, low costs, and technological advancements for long-term growth [3] - The company plans to increase its investment in the chemical sector, particularly in integrated refining and chemical projects in China, which is considered a key market for Saudi Aramco [3]
国际油价疲软 沙特阿美仍日赚20亿元
Sou Hu Cai Jing·2025-08-07 17:10