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Internet revenue of the world’s largest Saudi oil firm Saudi Aramco
in Q1 of 2022 amounted to $39.5 bln towards $21.7 bln a yr
earlier, the corporate mentioned on Sunday. Thus, the determine elevated
1.8-fold, or by 82%, Development stories citing TASS.
Saudi Aramco highlights that its Q1 earnings set a file for
quarterly earnings because the firm’s 2019 IPO. The corporate
attributes the rising revenues to excessive oil costs and gross sales
volumes, in addition to to improved refining margins. Saudi Aramco
dividends for Q1 will quantity to $18.8 bln.
The corporate’s free money move for the reporting interval amounted
to $30.6 bln, a rise of 68% in comparison with 2021. The quantity of
capital expenditures of the corporate was diminished to $7.6 bln towards
$8.2 bln the earlier yr.
The typical stage of hydrocarbon manufacturing by Saudi Aramco in
Q1 amounted to 13 mln barrels per day of oil equal.
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