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Saudi Aramco Reports Higher H1 Profit, Revenue

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Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, said Tuesday its net income and revenue for the first half increased year over year.

Net income attributable to shareholders for the six months ended June 30 was 241.64 billion Saudi riyals, compared with 181.31 billion riyals a year earlier. EPS moved to 1 riyal from 0.75 riyal.

The Saudi state-owned oil giant's revenue was 883.87 billion riyals, compared with 784.48 billion riyals a year ago.

Meanwhile, the board declared a base dividend of 0.3393 riyal per share for the second quarter, payable Aug. 27 to shareholders on record Aug. 19. It paid 0.3312 riyal per share in the prior-year period.

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