مع ترقب الأسواق لنتائج أرامكو.. توقعات بتراجع الأرباح بنسبة 13% إلى 102 مليار ريال في الربع الأول 2024

Watch مع ترقب الأسواق لنتائج أرامكو.. توقعات بتراجع الأرباح بنسبة 13% إلى 102 مليار ريال في الربع الأول 2024 - CNBCArabia on Dailymotion

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00:00Aramco's profits in 2023 declined by 25% to 455 billion riyals,

00:09as a result of the decline in oil prices last year,

00:13but it achieved the second-highest income in its history last year.

00:18But what are the expectations of the quarter-final results?

00:21The first quarter indicates expectations of a 10% decline in revenues to 408 billion riyals,

00:29and it also indicates expectations of a 13% decline in revenues in the first quarter of 2024 to 102 billion riyals.

00:41These expectations come after the decline in oil prices.

00:46Oil prices declined for 12 months until March 2024 by more than 2%.

00:54But what are the expectations?

00:55The first quarter indicates expectations of a 33% decline in revenues to 73 billion riyals,

01:04in addition to the performance-related distribution,

01:07and it will be the second time the company has distributed this kind of profits.

01:13In 2024, the company distributed 116.5 billion riyals of profits,

01:20and increased it by nearly 4% compared to the third quarter distribution in 2023.

01:27The most prominent developments in the first quarter of 2024,

01:30Aramco received a direction to maintain its high production capacity of 12 million barrels per day.

01:37In a special statement to CNBC,

01:39President Aramco said that the company has the ability to adapt to changes,

01:46and the 12 million barrels will contribute to improving capital spending

01:50in addition to strengthening free cash flows.

01:54As for gas, the most prominent developments in the first quarter of 2024

01:58will add a large amount of gas-confirmed reserves,

02:0115 trillion cubic feet,

02:04and it is mentioned that the company aims to increase its gas production by more than 60% by 2030 compared to 2021.

02:14The company contributed 5.7% of profits to the Saudi market,

02:19a 16-fold increase,

02:22but since the beginning of the year, it has receded by 9%.

02:26The price of gas contracts is mentioned to have receded 17% since the beginning of the year,

02:32but it indicates expectations to rise during the winter of 2024-2025.

02:39It is also mentioned that Tuprif, which is Aramco's subsidiary,

02:43has receded by at least three months,

02:46with a recession of 46% in the first quarter on an annual basis.

02:51The question remains, to what extent will Aramco's subsidiaries press on its results?