1、Aramco announces second quarter and half year 2023 resultsCompany delivers strong profitability and cash flows,enabled by low-cost production and high supply reliability Net income:$30.1 billion(Q2)/$62.0 billion(H1)Cash flow from operating activities:$33.6 billion(Q2)/$73.3 billion(H1)Free cash flo
2、w1:$23.2 billion(Q2)/$54.1 billion(H1)Gearing ratio1 down to-10.5%as balance sheet continues to strengthen Sustainable and progressive dividend:Q1 2023 base dividend of$19.5 billion paid in the second quarter,up 4.0%year-on-year,and Q2 2023 dividend of$19.5 billion to be paid in the third quarter Co
3、mpany intends to distribute performance-linked dividends over six quarters from Q3 2023.First distribution of approximately$9.9 billion in Q3 2023 based on combined full-year 2022 results and half-year 2023 results Upstream oil and gas developments on track,including the Marjan,Berri,Dammam,and Zulu
4、f crude oil increments,as part of broader capacity expansions Downstream growth strategy advances with award of engineering,procurement,and construction contracts for the$11.0 billion Amiral petrochemicals complex Accredited lower-carbon ammonia shipments dispatched to key markets,supporting develop
5、ment of decarbonization optionsKey financial results“Our strong results reflect our resilience and ability to adapt through market cycles.We continue to demonstrate our long-standing ability to meet the needs of customers around the world with high levels of reliability.For our shareholders,we inten
6、d to start distributing our first performance-linked dividend in the third quarter.“At Aramco,our mid to long-term view remains unchanged.With a recovery anticipated in the broader global economy,along with increased activity in the aviation sector,ongoing investments in energy projects will be nece