Second-highest ever net income, total dividends paid rises 30% year-on-year.
Aramco today announced its full-year 2023 financial results, reporting a net income of $121.3 billion, its second-highest ever net income.
The results, underpinned by Aramco’s unique operational flexibility, reliability and low-cost production base, reflect the company’s ongoing commitment to creating value for its shareholders.
Amin H. Nasser, Aramco president and CEO, said: “In 2023, we achieved our second-highest ever net income. Our resilience and agility contributed to healthy cash flows and high levels of profitability, despite a backdrop of economic headwinds. We also delivered for our shareholders with a 30% year-on-year increase in total dividends paid in 2023.
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Aramco will discuss its full-year financial results for 2023 in an audio webcast on March 11, 2024, at 3:30 p.m. Riyadh / 12:30 p.m. London / 8:30 a.m. New York. To register for the webcast, visit www.aramco.com/investors.
*Please refer to www.aramco.com/investors for reconciliation of non-IFRS measures.
Saudi Aramco Annual Report 2023
Take an in-depth look at our performance for the 2023 financial year.
— The Arabian Sun: March 10, 2024