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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 09/16
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Saudi Arabian Oil : Annual report 2020

03/24/2021 | 05:25am EDT

Resilience and agility

SAanunduiaAl rRaempcoortA2n0n2u0al Report 2020

Resilience and agility

Aramco's exceptional past belongs to its future.

Our people define our success.

Energy has been running in our DNA for generations.

We are proud of what we accomplished during 2020.

Once again, our resilience shone through.

We delivered on our shareholder commitments.

And we continued to deliver an uninterrupted supply of energy to the world.

Our resilience and agility has built one of the world's largest integrated energy and chemicals companies.

And we are part of the global effort toward building a low carbon economy.

Our horizon has never been clearer.

This Annual Report covers financial and operational aspects of Aramco from January 1, 2020 to December 31, 2020, and is issued in both Arabic and English. The print version is identical to its PDF counterpart, which is available at aramco.com. The Arabic version prevails in the event of any discrepancy. The images in this document are representative of the services provided by Aramco. Some photos may have been taken prior to the COVID-19 pandemic. Wherever possible, sustainable printing techniques were used.

01

Contents

Aramco

Chairman's message ................................... 06

President and CEO's foreword ................... 08

History .......................................................... 10

2020 highlights ............................................ 12

Aramco's operaons ................................... 14

Business model ............................................ 18

Business overview and strategy

Business overview ....................................... 24

Market overview ......................................... 28

Strategy ........................................................ 29

Results and performance

Key 2020 metrics ......................................... 36

CFO's message ............................................ 38

Financial performance ................................ 40

Upstream ..................................................... 48

Downstream ................................................ 58

Corporate ..................................................... 68

Environmental, social and governance

Our approach to sustainability ................... 72

Corporate oversight .................................... 73

Climate change ............................................ 74

Minimizing environmental impa ............. 78

Accelerang human potenal ................... 82

Growing societal value ............................... 86

The information contained in Sections 1 - 7 of this Annual Report constitutes our Board of Directors' report.

Risk

Risk management ........................................ 92

Risk faors ................................................... 94

Corporate governance

Board of Direors ..................................... 108

Senior Execuves ....................................... 112

Board struure .......................................... 116

Audit Committee report ........................... 120

Risk and HSE Committee report ............... 122

Nominaon Committee statement .......... 123

Compensaon Committee statement ...... 124

Compensaon and other interests ........... 125

Governance, risk and compliance ............ 129

Additional financial and legal information

Addional financial informaon .............. 134

Reserves informaon ................................ 141 Regulaon of the oil and gas industry

in the Kingdom ......................................... 142

Addional legal informaon .................... 147 Forecasts and forward-looking

statements ................................................. 160

Terms and abbreviaons .......................... 161

Glossary ..................................................... 163

Consolidated financial statements

Independent auditor's report ................... 168

Consolidated statement of income .......... 176

Consolidated statement

of comprehensive income ........................ 177

Consolidated balance sheet ..................... 178

Consolidated statement

of changes in equity ................................. 179

Consolidated statement of cash flows ..... 180

Notes to the consolidated

financial statements .................................. 181

King Salman bin Abdulaziz Al-Saud The Custodian of the Two Holy Mosques

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Saudi Aramco - Saudi Arabian Oil Company published this content on 23 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2021 10:25:55 UTC.


© Publicnow 2021
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Financials
Sales 2021 1 352 B 361 B 361 B
Net income 2021 367 B 97 943 M 97 943 M
Net Debt 2021 245 B 65 250 M 65 250 M
P/E ratio 2021 19,2x
Yield 2021 4,02%
Capitalization 7 026 B 1 874 B 1 874 B
EV / Sales 2021 5,38x
EV / Sales 2022 4,94x
Nbr of Employees 79 000
Free-Float 1,76%
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Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 35,15 SAR
Average target price 35,21 SAR
Spread / Average Target 0,17%
EPS Revisions
Managers and Directors
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Director, SVP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
Sector and Competitors
1st jan.Capi. (M$)
SAUDI ARABIAN OIL COMPANY0.43%1 873 868
ROYAL DUTCH SHELL PLC17.57%154 901
PETROCHINA COMPANY LIMITED58.33%153 046
TOTALENERGIES SE8.75%118 980
PUBLIC JOINT STOCK COMPANY GAZPROM57.76%108 961
EQUINOR ASA39.15%75 538