Saudi Aramco Reports 1Q:23 Earnings of $31.9bn [PDF Download]

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(Saudi Aramco, 9.May.2023) — Global crude oil prices declined in the first quarter of 2023 mainly driven by macroeconomic events contributing to market volatility. Aramco believes it is well positioned to withstand fluctuating commodity prices through its low-cost upstream production and strategically integrated downstream operations, and continued to deliver robust earnings and cash flows. Aramco remains focused on creating shareholder value across business cycles, and the company has declared a cash dividend of SAR 73.2bn ($19.5bn) for the first quarter


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