Saudi Aramco Q3 2023 Results slide image

Saudi Aramco Q3 2023 Results

Maximizing shareholder value with growth and yield > Fiscal discipline and focus on value-accretive investments . Capex program on track, delivering growth and value . FY 2023 capital investment guidance of $48-52bn¹ Daily share volumes (millions) 40 > Further enhancing financial strength 35 • Expanding investor base with new sources of capital 30 • Maintaining investment-grade credit rating • Optimizing capital structure across cycle > Balanced and enhanced shareholder returns² 25 20 15 10 Sustainable and progressive base dividend increased to $78bn 5 Earlier and increased distributions of performance-linked dividends 1. Includes external investments 2. All dividends, including performance-linked dividends are at the Board's discretion. Board will consider the Company's financial position, ability to fund commitments including growth capital plans 3. To date 6 November 2023 4. Source: Bloomberg Improved Market Liquidity Daily traded shares year-to-date³ 3,4 Announced 1st performance-linked dividend in August 2023 • Circa 3x increase in traded average monthly volumes Market-making commenced Average monthly volumes Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Saudi Aramco Q3 2023 Results | 8
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