Saudi Arabian Oil Dividends and Buybacks
Dividend criteria checks 2/6
Saudi Arabian Oil is a dividend paying company with a current yield of 4.93% that is well covered by earnings.
Key information
4.9%
Dividend yield
-0.009%
Buyback Yield
| Total Shareholder Yield | 4.9% |
| Future Dividend Yield | 5.8% |
| Dividend Growth | 13.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 87% |
Recent dividend and buyback updates
Recent updates
New Narrative • May 31
Saudi Arabian Oil is Going to Shine with a 17.63% Growth
Strict Financial and Strategic Advisory Report: Valuation of Saudi Aramco (Q1 2026) Based on Real-Time Data and Audited Financial Statements 1. Overview The stock is trading at a Price-to-Earnings (P/E) multiple of 19.05x, reflecting an "Overvalued Premium" for a company operating in a cyclical sector (Oil & Gas), where major global peers typically trade between 8x to 12x.
Narrative Update • May 29
2222: Quantum Initiatives And Capital Returns Will Support Balanced Future Profile
Analysts now see fair value for Saudi Arabian Oil at SAR30.08 per share, compared with SAR29.60 previously, citing updated assumptions for revenue growth, profit margin and future P/E levels. What's in the News Aramco and Pasqal inaugurated Saudi Arabia’s first quantum computer at Aramco’s Dhahran data center and launched a commercial Quantum Computing as a Service platform for global clients, targeting complex problems in energy, materials and industrial sectors (Key Developments).Analysis Article • May 14
Saudi Arabian Oil Company Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
A week ago, Saudi Arabian Oil Company ( TADAWUL:2222 ) came out with a strong set of quarterly numbers that could...Narrative Update • Apr 30
2222: Higher Base Dividend And Buybacks Will Support Balanced Future Return Profile
Analysts have lifted their price target for Saudi Arabian Oil to SAR29.60 from SAR29.05, citing updated assumptions around revenue growth, profit margins, and a slightly lower future P/E multiple. Together, these factors support a modestly higher fair value estimate.Narrative Update • Apr 16
2222: Dividend And Buyback Policy Will Shape Balanced Forward Return Profile
Narrative Update on Saudi Arabian Oil Price Target The updated analyst model for Saudi Arabian Oil now reflects a fair value price target of SAR29.05, up from SAR28.26, as analysts factor in a higher projected profit margin and a broadly unchanged forward P/E, while applying the same discount rate and revised revenue growth assumptions. What's in the News The Board of Directors authorized a share repurchase plan on March 10, 2026, with approval to buy back up to US$3,000m of shares over an 18‑month period (Key Developments).Narrative Update • Mar 17
2222: Dividend Reset And Capital Returns Will Frame Balanced Forward Outlook
Analysts now set their price target for Saudi Arabian Oil at SAR28.26, a slight uptick from SAR28.19. This reflects updated assumptions around modest revenue growth, a lower projected profit margin, and a slightly reduced future P/E multiple.Narrative Update • Mar 03
2222: Cybersecurity MoU And Jazan Base Oil Plan Will Guide Balanced Outlook
Analysts have trimmed their price target for Saudi Arabian Oil to SAR28.19 from SAR28.28, citing slightly softer revenue growth assumptions, a modestly lower profit margin outlook, and a marginally higher future P/E estimate. What's in the News CrowdStrike and Aramco signed an MoU in Saudi Arabia to explore long term collaboration in cybersecurity, with a focus on a unified, Kingdom wide security model and support for the country's AI transformation (Key Developments).Narrative Update • Feb 17
2222: Cybersecurity And Jazan Base Oil Plans Will Shape Balanced Outlook
Analysts have adjusted their price target on Saudi Arabian Oil slightly lower to SAR 28.28 from SAR 28.29, reflecting updated views on a modest revenue decline, a small improvement in profit margin and a slightly higher forward P/E assumption. What's in the News CrowdStrike and Aramco signed a memorandum of understanding in Saudi Arabia to explore long term collaboration on cybersecurity, including a unified security model for critical infrastructure and support for the country's AI transformation (Key Developments).Narrative Update • Feb 02
2222: Future Revenue And Jazan Integration Will Shape Balanced Outlook
Analysts have trimmed their fair value estimate for Saudi Arabian Oil from US$28.96 to US$28.29 per share, citing updated assumptions for revenue trends, profit margins and forward P/E. What's in the News Saudi Aramco Base Oil Company Luberef signed a Memorandum of Understanding with Saudi Arabian Oil Company to explore building a base oil plant within the Jazan Refinery and Petrochemical Complex, using Unconverted Crude Oil as feedstock from Saudi Aramco (Key Developments).Analysis Article • Jan 05
Under The Bonnet, Saudi Arabian Oil's (TADAWUL:2222) Returns Look Impressive
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Narrative Update • Nov 06
2222: Future Revenue Strength Will Drive Upstream And Downstream Integration
Analysts have raised their price target for Saudi Arabian Oil by $0.32, citing slightly improved revenue growth forecasts and a modestly higher fair value estimate. Valuation Changes Fair Value Estimate has risen slightly from SAR 28.65 to SAR 28.96.Analysis Article • Sep 29
Saudi Arabian Oil (TADAWUL:2222) Is Reinvesting To Multiply In Value
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Narrative Update • Sep 04
Global Energy Demand Will Expand Oil And Downstream Integration
With both the Future P/E and consensus revenue growth forecasts essentially unchanged, analysts have maintained their fair value estimate for Saudi Arabian Oil at SAR28.65. What's in the News BlackRock is in discussions with Saudi Aramco to potentially sell its stake in Aramco’s natural-gas pipeline network back to the company, with alternative options being considered if an agreement is not reached.Analysis Article • Jul 12
Saudi Arabian Oil Company's (TADAWUL:2222) Price Is Right But Growth Is Lacking
When close to half the companies in Saudi Arabia have price-to-earnings ratios (or "P/E's") above 22x, you may consider...New Narrative • Mar 24
Saudi Aramco (SASE:2222): Not The Sexiest High Dividend Yield Stock, But One With Interesting 'Convertible-Like' Qualities
Dividend Yield as a Core Attraction: Saudi Aramco’s 7% dividend yield makes it a compelling income-generating asset, functioning like a “convertible bond” with steady payouts and long-term growth pote
New Narrative • Nov 07
Decisive Growth In LNG And Renewables To Propel Future Earnings And Optimize Margins
Strategic gas and LNG expansion plans, together with increased Downstream investments, are aimed at boosting revenue and capturing more value in the growing global gas market.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2222 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2222's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Saudi Arabian Oil Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2222) | 4.9% |
| Market Bottom 25% (SA) | 2.3% |
| Market Top 25% (SA) | 6.0% |
| Industry Average (Oil and Gas) | 4.6% |
| Analyst forecast (2222) (up to 3 years) | 5.8% |
Notable Dividend: 2222's dividend (4.93%) is higher than the bottom 25% of dividend payers in the SA market (2.31%).
High Dividend: 2222's dividend (4.93%) is low compared to the top 25% of dividend payers in the SA market (6%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (87.2%), 2222's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (101.3%), 2222's dividend payments are not well covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 21:21 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Saudi Arabian Oil Company is covered by 25 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jassim Al-Jubran | Aljazira Capital Company |
| Madhu Appissa | Al Rajhi Capital |
| Mazen Al-Sudairi | Al Rajhi Capital |