Saudi Arabian Oil Third Quarter 2022 Earnings: EPS: ر.س0.71 (vs ر.س0.50 in 3Q 2021)

Saudi Arabian Oil (TADAWUL:2222) Third Quarter 2022 Results

Key Financial Results

• Revenue: ر.س613.9b (up 51% from 3Q 2021).
• Net income: ر.س156.1b (up 43% from 3Q 2021).
• Profit margin: 25% (down from 27% in 3Q 2021). The decrease in margin was driven by higher expenses.
• EPS: ر.س0.71 (up from ر.س0.50 in 3Q 2021).

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

Saudi Arabian Oil Earnings Insights

Looking ahead, revenue is expected to fall by 15% p.a. on average during the next 3 years compared to a 6.2% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are down 2.0% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Saudi Arabian Oil (1 shouldn't be ignored!) that you should be aware of before investing here.

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