Saudi Arabian Oil Co. 2023 Annual Results
Saudi Arabian Oil Co. (2222) reported full year 2023 revenue of SAR 1.86tr, down 7.5% from SAR 2.01tr in 2022. Net profit came in at SAR 454.76B, down 24.7% year on year. Earnings per share were SAR 1.87. The company generated SAR 537.81B in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.
Earnings Quality
Of every SAR 1.00 in reported net profit, SAR 1.18 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.18.
Year on Year Comparison
Revenue decreased by 7.5% compared to 2022. Net profit decreased by 24.7%. Both revenue and profit declined year on year.
Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2026-01-19.