Saudi Aramco Q3 2023 Results

Delivering on our strategy Capital investment • Continued progress on largest investment growth program FY 2023 capital investment guidance range now at $48bn to $52bn • Oil and gas projects on track; first major crude oil increment in 2025 Upstream Downstream . Hawiyah Gas Plant expansion onstream, adding approximately 750mmscfd of sales gas capacity Signed agreements ¹ to acquire a minority stake in Mid Ocean Energy to progress LNG expansion ambitions Signed agreements² for potential acquisitions of 10% stake each in Shenghong Petrochemical³ and Shandong Yulong4 - Negotiating supply quantities into the combined 720mbpd refinery and petrochemicals complexes - Significant conversion rates into chemicals of >50% Signed agreement to acquire 100% stake in Chilean retailer Esmax Distribusción 5 - Secures outlets for Aramco's refined products and unlocks market opportunities for Valvoline's lubricants Low-carbon fuels & solutions • Financial close of 30% stake in 2.7GW Al Shuaibah 1 & 2 PV solar projects; progressing towards planned 12GW by 20306 Collaboration with automaker Stellantis indicates Aramco's prototype eFuels compatibility, with potential for lower-carbon emissions • Commenced nonmetallic RTP7 pipe production at Novel JV8, with a reduction in life cycle cost and carbon footprint Portfolio optimization Signed agreement to sell shares in Hadeed, a metal products supplier 1. Definitive agreements signed, completion of the transaction is subject to closing conditions including regulatory approval 2. Cooperation framework agreement signed with Shenghong Petrochemical and MoU signed with Shandong Yulong. These separate transactions are subject to due diligence, required regulatory clearances, further discussions between the parties, and the execution of definitive agreements 3. Shenghong Petrochemical owns and operates a 320mbpd refining and petrochemicals complex and other facilities 4. Shandong Yulong is constructing a 400mbpd refining and petrochemicals complex 5. Subject to certain customary conditions including regulatory approvals 6. Aramco targets FID in 12 GW of solar and wind energy net capacity by 2030 7. RTP Reinforced Thermoplastic 8. Novel Non-Metallic Solutions (Novel), a JV between Aramco and Baker Hughes Saudi Aramco Q3 2023 Results | 5 9. Saudi Iron and Steel Company (Hadeed), SABIC's subsidiary, the transaction is expected to close in Q1 2024

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