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Saudi Arabian Oil Co. 2024 Annual Results

Revenue

SAR 1.80tr

Net Profit

SAR 398.42B

EPS

SAR 1.63

Operating Cash Flow

SAR 508.89B

Saudi Arabian Oil Co. (2222) reported full year 2024 revenue of SAR 1.80tr, down 3.0% from SAR 1.86tr in 2023. Net profit came in at SAR 398.42B, down 12.4% year on year. Earnings per share were SAR 1.63. The company generated SAR 508.89B 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 1.28 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 1.28.

Key Financial Metrics

Metric	2024	2023
Revenue	SAR 1.80tr	SAR 1.86tr
Net Profit	SAR 398.42B	SAR 454.76B
Net Margin	22.1%	24.5%
ROE	27.3%	29.6%
EPS	SAR 1.63	SAR 1.87
Total Assets	SAR 2.42tr	SAR 2.48tr
Total Equity	SAR 1.46tr	SAR 1.53tr
Total Liabilities	SAR 772.27B	SAR 740.85B
Operating Cash Flow	SAR 508.89B	SAR 537.81B

Year on Year Comparison

Revenue decreased by 3.0% compared to 2023. Net profit decreased by 12.4%. Both revenue and profit declined year on year.

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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.