Saudi Aramco Q3 2023 Results slide image

Saudi Aramco Q3 2023 Results

Financial results $Bn, unless otherwise indicated Q3 2022 Q2 2023 Q3 2023 Realized oil prices ($/bbl) 101.7 78.8 89.3 Hydrocarbon production (mmboed) 14.4 13.5 12.8 Upstream EBIT Q3 vs Q2 key drivers > Higher crude oil prices > Lower volumes 78.4 56.7 60.6 > Stronger refining margins Downstream EBIT (1.1) 0.8 5.3 Group net income 42.4 30.1 32.6 ROACE (12 months rolling) 32.6% 25.9% 23.4% Inventory valuation gains Saudi Aramco Q3 2023 Results | 7
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