Saudi Aramco reported Q3 net income of $11.8 billion or $0.06 per share, down from last year’s $21.29 billion, according to the company’s press release. The company declared an $18.75 billion dividend to be paid in the fourth quarter, up from last year’s $13.39 billion payment.
- Aramco’s cash flow from operating activities was $18.8 billion, while free cash flows were $12.4 billion.
- The company’s capital expenditure in Q3 was $6.4 billion as it continues to optimize capital spending and efficiency programs in response to the current business environment.
- Aramco’s achieved a historic record single-day natural gas production of 10.7 billion standard cubic feet per day on August 6, 2020, from both conventional and unconventional fields.
- The company produced 12.4 million barrels per day (bpd) of oil equivalent, of which 9.2 million bpd was crude oil.
Saudi Aramco stock is gaining. 2222 is up 0.58%