Aramco announces full-year 2021 results

21 March 2022

Aramco invests for growth, expanding its focus on blue hydrogen and carbon capture as it targets role as critical supplier of secure, affordable energy with lower emissions
Net income: $110.0 billion (2020: $49.0 billion)
Cash flow from operating activities: $139.4 billion (2020: $76.1 billion)
Free cash flow*: $107.5 billion (2020: $49.1 billion)
Gearing ratio*: 14.2% as at December 31 (end of 2020: 23.0%)
Full-year cash dividend of $75 billion declared, including $18.8 billion for Q4. Board recommends $4 billion in retained earnings to be capitalized and bonus shares to be distributed to shareholders, reflecting strong 2021 earnings performance
Increased capital expenditure guidance of $40-50 billion in 2022, with further growth expected until around the middle of the decade

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