Saudi Aramco Q3 2023 Results
Distributions: downside resilience, upside sharing, reinvesting in growth
$bn
120
To be paid over
four quarters¹
Sustainable and progressive base dividend² increased by
4% from $75bn to $78bn in 2023
100
$97.8bn¹
Total distributions
9.9
+30%
Q4
9.9
60
80
+4%
Q3
.
78
Base
75
60
60
dividend
40
40
2022
2023
Base dividend
2024
Performance-linked dividend
Performance-linked dividends share upside
•
2nd payment of $9.9bn declared and payable in Q4
2024 payout will be announced with FY 2023 results
• 2025 payout to be communicated with FY 2024 results³
Continued ability to reinvest in value-accretive growth
1. Performance-linked dividends as shown on the chart above are based on combined annual results of FY2022 and FY2023
2. All dividends, including performance-linked dividends are at the Board's discretion. Board will consider, amongst other factors, the Company's financial position, ability to fund commitments including growth capital plans
3. For FY2024 and onwards, performance-linked dividends are intended to be determined and communicated with the full-year results and distributed over the subsequent four quarters
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