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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