Investor Presentaiton

Robust Financial Framework ש Capital Structure • Prudent capital structure • Aaa standalone metrics through the cycle 1 Target gearing 5-15% across the cycle 2 Capital Investment Rigorous capital allocation processes and investment thresholds • Low sustaining capex . High ROACE (41% in 2018) Shareholder Returns • Base dividend of $75 Bn in 2020 3 • Progressive growing dividend on sustainable basis at Board discretion 5-15% Across the Cycle 41% ROACE in 2018 1. Indicative ratings from Moody's based on the ratings methodology grid 7 Prudent Approach to Public Capital Markets In-Line with Financial Policy 2. Gearing calculated as net debt to net debt plus book equity 3. Current intent to pay, at the Board's discretion Commitment to Value Creation أرامكو السعودية saudi aramco

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