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FY 2024 Financial Highlights
Net income (billion)
$106
2023: $121
﷼ 398
EBIT* (billion)
$206
2023: $231
﷼ 772
Free cash flow* (billion)
$85
2023: $101
﷼ 320
Net cash provided by operating activities (billion)
$136
2023: $143
﷼ 509
Capital expenditures1 (billion)
$50
2023: $42
﷼ 189
ROACE* (%)
2023: 22.5
20.2
Dividends paid (billion)
$124
2023: $98
﷼ 466
Dividends paid per share
$0.51
2023: $0.41
﷼ 1.93
Gearing* (%)
2023: (6.3)
4.5
Earnings per share (basic and diluted)
$0.43
2023: $0.50
﷼ 1.63
Average realized crude oil price ($/barrel)
2023: 83.6
80.2
1. Capital expenditures do not include external investments.
FY 2024 Operational Highlights
Total hydrocarbon production2 (mmboed)
2023: 12.8
12.4
Total liquids production2 (mmbpd)
2023: 10.7
10.3
Total gas production2
(bscfd)
2023: 10.7
10.8
Net refining capacity (mmbpd)
2023: 4.1
4.1
Net chemicals production capacity3 (million tons per year)
2023: 59.6
57.64
Reliability5 (%)
2023: 99.8
99.7
Upstream carbon intensity6 (kg CO2e/boe)
2023: 9.67
9.7
Flaring intensity6 (scf/boe)
2023: 5.64
6.07
Total recordable case rate6 (per 200,000 work hours)
2023: 0.042
0.046
2. Refer to Annual Report Section 2: Results and Performance – “Upstream.”
3. Excludes SABIC Agri-Nutrients business for 2024 and SABIC Agri-Nutrients and Metals (Hadeed) businesses for 2023 and includes only ZPC’s net chemical
production capacity through our investment in Rongsheng.
4. The reduction in net chemicals production capacity is due to the termination of operations of three assets related to SABIC mainly in Europe.
5. Applies to Saudi Arabian Oil Company (the Company).
6. Refer to Annual Report Section 3: Sustainability.
7. 2023 figure has been revised to reflect the market-based calculation methodology. Refer to Annual Report Section 3: Sustainability.