SAUDI ARAMCO

Saudi Arabian Oil Co.

2222StocksTadawulEnergy

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	510.80B	508.89B	537.81B	698.15B	522.60B
Free Cash Flow	320.35B	320.00B	379.51B	556.99B	402.96B
Capital Expenditures	-190.44B	-188.89B	-158.31B	-141.16B	-119.65B
Investing & Financing
Investing Cash Flow	-203.90B	-2.86B	-54.02B	-389.01B	-135.74B
Financing Cash Flow	-280.44B	-488.36B	-510.87B	-382.68B	-294.51B
Dividends Paid	-320.45B	-465.92B	-366.67B	-281.32B	-281.31B
Share Repurchase	—	-3.75B	—	—	—
Operating Activities
Operating Cash Flow	510.80B	508.89B	537.81B	698.15B	522.60B
Net Income	348.04B	393.89B	452.75B	597.22B	395.20B
Change in Accounts Payable	1.00B	9.11B	9.95B	13.75B	35.76B
Change in Accounts Receivable	-9.43B	0.54B	0.05B	-22.91B	-55.19B
Change in Income Taxes	-342.42B	-385.71B	-441.12B	-502.86B	-292.82B
Change in Inventory	7.90B	1.51B	11.29B	-26.56B	-23.16B
Change in Other Net Operating Assets	12.02B	0.89B	-16.22B	-8.34B	-10.57B
Change in Working Capital	-330.94B	-373.67B	-436.06B	-546.91B	-345.97B
Other Operating Activities	352.19B	375.24B	411.87B	554.50B	391.27B
Depreciation & Amortization	97.50B	94.38B	96.78B	91.32B	85.35B
Other Amortization	364.00M	307.00M	302.00M	359.00M	483.00M
Cash Interest Paid	18.38B	15.12B	14.35B	9.84B	9.53B
Cash Income Tax Paid	2.79B	3.19B	7.52B	2.74B	0.81B
Loss (Gain) on Equity Investments	8.38B	4.97B	4.00B	-2.87B	-7.87B
Asset Writedown & Restructuring Costs	32.43B	11.83B	3.49B	0.45B	0.14B
Investing Activities
Investing Cash Flow	-203.90B	-2.86B	-54.02B	-389.01B	-135.74B
Capital Expenditures	-190.44B	-188.89B	-158.31B	-141.16B	-119.65B
Cash Acquisitions	—	—	—	—	—
Investment in Securities	-28.09B	162.83B	78.25B	-254.19B	-17.70B
Other Investing Activities	14.63B	23.20B	26.04B	6.34B	1.60B
Loss (Gain) From Sale of Assets	4.74B	1.98B	5.02B	3.86B	3.97B
Loss (Gain) on Sale of Investments	-1.90B	-0.04B	-0.35B	0.24B	0.03B
Financing Activities
Financing Cash Flow	-280.44B	-488.36B	-510.87B	-382.68B	-294.51B
Common Dividends Paid	-320.45B	-465.92B	-366.67B	-281.32B	-281.31B
Issuance of Common Stock	850.00M	788.00M	662.00M	550.00M	384.00M
Repurchase of Common Stock	—	-3.75B	—	—	—
Long-Term Debt Issued	51.55B	54.40B	32.06B	9.08B	42.21B
Short-Term Debt Issued	6.57B	1.41B	—	—	—
Total Debt Issued	58.13B	55.81B	32.06B	9.08B	42.21B
Long-Term Debt Repaid	-30.18B	-48.24B	-148.13B	-144.63B	-85.71B
Net Debt Issued (Repaid)	27.94B	7.57B	-116.08B	-135.55B	-43.49B
Other Financing Activities	11.21B	-27.05B	-28.78B	33.64B	29.90B
Free Cash Flow & Returns
Free Cash Flow	320.35B	320.00B	379.51B	556.99B	402.96B
Free Cash Flow Growth	+0.1%	-15.7%	-31.9%	+38.2%	+118.7%
Free Cash Flow Margin	+19.2%	+17.8%	+20.4%	+24.6%	+26.8%
Free Cash Flow Per Share	1.32	1.32	1.57	2.30	1.67
Levered Free Cash Flow	390.70B	414.06B	458.48B	622.98B	428.10B
Unlevered Free Cash Flow	397.15B	420.23B	461.61B	627.11B	434.74B
Operating Cash Flow Growth	+0.4%	-5.4%	-23.0%	+33.6%	+83.2%
Net Cash Flow	26.46B	17.67B	-27.07B	-73.53B	92.35B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	510.80B	508.89B	537.81B	698.15B	522.60B
Free Cash Flow	320.35B	320.00B	379.51B	556.99B	402.96B
Capital Expenditures	-190.44B	-188.89B	-158.31B	-141.16B	-119.65B
Investing & Financing
Investing Cash Flow	-203.90B	-2.86B	-54.02B	-389.01B	-135.74B
Financing Cash Flow	-280.44B	-488.36B	-510.87B	-382.68B	-294.51B
Dividends Paid	-320.45B	-465.92B	-366.67B	-281.32B	-281.31B
Share Repurchase	—	-3.75B	—	—	—
Operating Activities
Operating Cash Flow	510.80B	508.89B	537.81B	698.15B	522.60B
Net Income	348.04B	393.89B	452.75B	597.22B	395.20B
Change in Accounts Payable	1.00B	9.11B	9.95B	13.75B	35.76B
Change in Accounts Receivable	-9.43B	0.54B	0.05B	-22.91B	-55.19B
Change in Income Taxes	-342.42B	-385.71B	-441.12B	-502.86B	-292.82B
Change in Inventory	7.90B	1.51B	11.29B	-26.56B	-23.16B
Change in Other Net Operating Assets	12.02B	0.89B	-16.22B	-8.34B	-10.57B
Change in Working Capital	-330.94B	-373.67B	-436.06B	-546.91B	-345.97B
Other Operating Activities	352.19B	375.24B	411.87B	554.50B	391.27B
Depreciation & Amortization	97.50B	94.38B	96.78B	91.32B	85.35B
Other Amortization	364.00M	307.00M	302.00M	359.00M	483.00M
Cash Interest Paid	18.38B	15.12B	14.35B	9.84B	9.53B
Cash Income Tax Paid	2.79B	3.19B	7.52B	2.74B	0.81B
Loss (Gain) on Equity Investments	8.38B	4.97B	4.00B	-2.87B	-7.87B
Asset Writedown & Restructuring Costs	32.43B	11.83B	3.49B	0.45B	0.14B
Investing Activities
Investing Cash Flow	-203.90B	-2.86B	-54.02B	-389.01B	-135.74B
Capital Expenditures	-190.44B	-188.89B	-158.31B	-141.16B	-119.65B
Cash Acquisitions	—	—	—	—	—
Investment in Securities	-28.09B	162.83B	78.25B	-254.19B	-17.70B
Other Investing Activities	14.63B	23.20B	26.04B	6.34B	1.60B
Loss (Gain) From Sale of Assets	4.74B	1.98B	5.02B	3.86B	3.97B
Loss (Gain) on Sale of Investments	-1.90B	-0.04B	-0.35B	0.24B	0.03B
Financing Activities
Financing Cash Flow	-280.44B	-488.36B	-510.87B	-382.68B	-294.51B
Common Dividends Paid	-320.45B	-465.92B	-366.67B	-281.32B	-281.31B
Issuance of Common Stock	850.00M	788.00M	662.00M	550.00M	384.00M
Repurchase of Common Stock	—	-3.75B	—	—	—
Long-Term Debt Issued	51.55B	54.40B	32.06B	9.08B	42.21B
Short-Term Debt Issued	6.57B	1.41B	—	—	—
Total Debt Issued	58.13B	55.81B	32.06B	9.08B	42.21B
Long-Term Debt Repaid	-30.18B	-48.24B	-148.13B	-144.63B	-85.71B
Net Debt Issued (Repaid)	27.94B	7.57B	-116.08B	-135.55B	-43.49B
Other Financing Activities	11.21B	-27.05B	-28.78B	33.64B	29.90B
Free Cash Flow & Returns
Free Cash Flow	320.35B	320.00B	379.51B	556.99B	402.96B
Free Cash Flow Growth	+0.1%	-15.7%	-31.9%	+38.2%	+118.7%
Free Cash Flow Margin	+19.2%	+17.8%	+20.4%	+24.6%	+26.8%
Free Cash Flow Per Share	1.32	1.32	1.57	2.30	1.67
Levered Free Cash Flow	390.70B	414.06B	458.48B	622.98B	428.10B
Unlevered Free Cash Flow	397.15B	420.23B	461.61B	627.11B	434.74B
Operating Cash Flow Growth	+0.4%	-5.4%	-23.0%	+33.6%	+83.2%
Net Cash Flow	26.46B	17.67B	-27.07B	-73.53B	92.35B