Aramco annual report 2024
Investing in growth
Innovating for sustainability
Our vision:
Aramco’s vision is to be the world’s preeminent integrated energy and chemicals company, operating in a safe, sustainable and reliable manner.
Our mission:
Aramco strives to provide reliable, affordable, and more sustainable energy to communities around the world, and to deliver value to its shareholders through business cycles by maintaining its preeminence in oil and gas production and its leading position in chemicals, aiming to capture value across the energy value chain and profitably growing its portfolio.
Our values:
By living our values and prioritizing sound business practices, we consistently achieve high levels of performance and efficiency – delivering value not only for our Company, but for our customers, partners, and the communities in which we operate.
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Chairman's message
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CEO video remarks: Full-year 2024 results
2024 highlights
Recapping a year of success and milestones

Results and performance
Delivering shareholder value through resilient performance.
“In 2024 we maintained our exceptional financial strength, including world-leading profitability and cash flows. Our focus remains firmly on capturing growth opportunities and providing long-term value to shareholders with resilience through business cycles.”
Ziad T. Al Murshed
Executive Vice President & Chief Financial Officer
Financial highlights
Net income ﷼ (billions)
$1060123456789012345678901234567892024$1062023$121
EBIT* ﷼ (billions)
$2060123456789012345678901234567892024$2062023$231
Free cash flow* ﷼ (billions)
$850123456789012345678901234567892024$852023$101
Operational highlights
Total hydrocarbon production** (mmboed)
01234567890123456789.
0123456789202412.4202312.8
Total gas production** (bscfd)
01234567890123456789.
0123456789202410.8202310.7
Upstream carbon intensity*** (kg CO2e/boe)
0123456789.
012345678920249.720239.6
Business Model
Capturing value across the hydrobarbon chain
** Refer to Annual Report Section 2: Results and Performance – “Upstream.”
*** Refer to Annual Report Section 3: “Sustainability.”
**** Excludes SABIC Agri-Nutrients business and includes only ZPC’s net chemical production capacity through our investment in Rongsheng.
Our strategic themes
Strategy
Positioning Aramco for the future
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Global operations
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