Saudi Arabian Oil Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

March 06, 2025

Saudi Arabian Oil (TADAWUL:2222) Full Year 2024 Results

Key Financial Results

Revenue: ر.س1.80t (down 2.9% from FY 2023).
Net income: ر.س393.9b (down 13% from FY 2023).
Profit margin: 22% (down from 24% in FY 2023).
EPS: ر.س1.63 (down from ر.س1.87 in FY 2023).

earnings-and-revenue-growth — SASE:2222 Earnings and Revenue Growth March 6th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Saudi Arabian Oil Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 1.1%.

Looking ahead, revenue is expected to fall by 3.9% p.a. on average during the next 3 years compared to a 1.7% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 2.4% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Saudi Arabian Oil that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.