Thus, the company has to produce enough oil to generate that cash flow. Still, Aramco remains one of the world’s most valuable companies. Sources estimate that Al Naimi’s current net worth is over $100 million, accumulated during his almost 60 years in the oil business. © Al Nisr Publishing LLC 2021. "Aramco’s integration with SABIC is proceeding as planned. While Saudi Aramco's real net worth is not known, our site pulls data to make a prediction of $2.79 million. Saudi Aramco set to go public . The former Minister of Health assumed power at a uniquely perilous time for the Gulf state; soft oil prices have weakened the Saudi economy and put pressure on the government to cut production. Saudi Arabia plans a public offering of 5% of its national oil company, Aramco, sometime in 2018. That Saudi Arabian Oil Co., better known as Saudi Aramco, is considering selling shares to the public has generated a lot of chatter about what the company might be worth… if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-networthspot_com-box-4-0')}; More channels about Science & Technology: But on Monday, Saudi Aramco opened its books, revealing that it generated $111.1 billion in net income last year, making it probably the world’s most profitable company by far. We are confident in Aramco’s ability to manage through these challenging times and deliver on our objectives. For example, Apple Inc. is the world’s most valuable public company, with an estimated net worth of around US$870 billion. Saudi Aramco Mulling to Sell / Lease Part of Its Pipeline ... Saudi Aramco IPO Hits $2 Trillion Mark Amid Guarded Forecast Saudi Arabia Insisted Aramco Was Worth $2 Trillion. Ali Al Naimi Net Worth $100 Million . Still, Aramco remains one of the world's most valuable companies. Net Worth Spot is the largest resource that estimates influencers' net worth. Saudi Aramco’s net income plunged to $23.2 billion in the first six months of the year, down by half from $46.9 billion over the same period in 2019. Saudi Aramco's net income in 2019 was greater than the combined total net income of the world's 12 largest oil companies, according to data gathered by Anadolu Agency. The state-run oil giant Saudi Aramco is thought to be worth about £927 billion, or $1.2trillion, according to analysis from financial news service Bloomberg. His assets are believed to include stocks, properties, luxury yachts and airplanes. Konservativere Schätzungen gehen von 500 Milliarden Dollar aus. If Saudi Aramco earns on the top end, ads could earn Saudi Aramco up to $1.26 million a year. “We saw early signs of a recovery in the third quarter due to improved economic activity, despite the headwinds facing global energy markets," said Amin H. Nasser, Aramco President and CEO. The $2.79 million prediction is only based on YouTube advertising revenue. Monetized YouTube channels generate income by serving ads for every thousand video views. This represents a 44.6 per cent drop from a year ago, dented by lower crude oil prices and volumes sold as the coronavirus crisis choked demand, according to Reuters. UAE gold shoppers wait for -Dh190/gm level, New Etihad Rail contract frees up 100,000 truck trips, Russian airline makes first landing in Ras Al Khaimah, Dubai lunchbox startup picks up new funding, People who posted indecent video online held in Dubai, Facebook data of 533 million users reemerges online, Expat in Al Ain wins Dh10m in Abu Dhabi ‘Big Ticket’, UAE, US stress link between climate change and growth, Kuwait: Curbs on hiring expats in public jobs debated, Masdar's Uzbekistan wind farm capacity raised to 1.5 GW, Oil rebounds as OPEC+ seen rolling over supply curbs, Lamprell in joint venture with AD data company, Oil industry faces up to a 'robot' moment, Abu Dhabi gets its own commodities exchange. Saudi Aramco, the world's top oil producer, reported first-half net income of $46.9 billion on Monday, down from $53.02 billion a year earlier. Saudi Aramco’s net income plunged by nearly 50% in 2020, according to figures. Total hydrocarbon production for the first nine months of 2020 was 12.4 million barrels per day of oil equivalent, of which 9.2 million barrels per day was crude oil. We can make a fair estimate though. Saudi Aramco released the full year 2020 results on Monday March 22, 2021. if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-networthspot_com-medrectangle-4-0')}; You may be wondering: How much does Saudi Aramco earn? Saudi Aramco produces from 498 reservoirs in 136 onshore and offshore fields throughout the country that have favorable geologic formations, leading to low costs. It has attracted 71.8 thousand subscribers. At a valuation of $2 trillion … and The US administration at the time had popular support for an "Open Door policy", which Herbert Hoover, secretary of commerce, initiated in 1921. Using these estimates, we can estimate that Saudi Aramco earns $46.49 thousand a month, reaching $697.39 thousand a year. Aramco rejected Bloomberg’s estimate that it recorded a net income of $33.8 billion in the first six months of 2017 with cash flows amounting to $52.1 billion. REGISTER FOR THE WEBCAST Third-quarter 2020 highlights Net income: SAR 44.2bn ($11.8bn) Register for the audio webcast discussing Saudi Aramco’s FY 2020 results on March 22, 2021 at 3.30pm KSA / 12.30pm GMT / 8.30am EST. YouTubers can earn an average of between $3 to $7 per thousand video views. Find out Saudi Aramco's net worth and earnings. You can manage them any time by clicking on the notification icon. Saudi Aramco had $11.8 billion in 3Q 2020 net income and $18.8 billion in cash flow from operating activities. This section is about Living in UAE and essential information you cannot live without. And how much does Saudi Aramco earn? We’ll send you latest news updates through the day. Saudi Arabian: Profession: CEO: Net Worth: more than US$5 million: Education: King Fahd University of Petroleum & Minerals: Twitter: Amin H. Nasser As such, it produces well below what it could theoretically do, given the size of its resource base. Saudi Aramco is a YouTuber with 71.8 thousand subsribers. Please only use it for a guidance and Saudi Aramco's actual income may vary a lot from the dollar amount shown above.Saudi Aramco's actual income may vary a lot from the dollar amount shown above. The bonds are US dollar-denominated and unsecured by assets, the company said in a filing to the Saudi Stock Exchange or … Aramco has committed to a $75 billion annual dividend through 2024. Saudi Aramco, the world’s biggest oil company, ended trading on Monday with a market value of over $2 trillion, a worth that had eluded it when it took its shares public. Meaning, Saudi Aramco's net worth could possibly be higher. Net worths on Net Worth Spot are calculated through the combination of our robust methodology, data collection and a proprietary algorithm. Our discounted cash flow model values Aramco at $1.4 trillion, or SAR 26 per share, implying a yield of 5.4%, below the initial offer price of $1.7 … Jasmine Bager, March 25, 2021 The sophisticated supercomputer opening up new frontiers. The Canadian Press - Dec 11, 2019 / 11:49 am | Story: 272456. Regardless of the exact value, the news that Aramco is going public has triggered global excitement. Standard Oil of California (SoCal) was among those US companies seeking new sources of oil from abroad. Saudi Aramco's origins trace to the oil shortages of World War I and the exclusion of American companies from Mesopotamia by the United Kingdom and France under the San Remo Petroleum Agreement of 1920. Saudi oil giant Aramco’s profits plunge nearly 45% amid pandemic. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our That's double the value of Apple. Saudi Aramco is a popular Science & Technology channel on YouTube. At a net income of $111.1 billion, Saudi Aramco is easily outstripping U.S. behemoths including Apple Inc. and ExxonMobil Corp. Considering these additional sources of revenue, Saudi Aramco could be worth closer to $3.91 million. Saudi Aramco Q1 profit dives, says virus to hit 2020 results. Privacy Policy. FY 2020 FINANCIALS FY 2020 RESULTS PRESS RELEASE Recent articles ${ filter.label } CLEAR ALL FILTERS. Third quarter capital expenditure was $6.4 billion. To find out more about the cookies and data we use, please check out our, Dear Reader, please register to read gulfnews.com, Password should have minimum 7 characters with at least one letter and number, Photos: Al Ain’s Jebel Hafeet desert park opens for a new season, Photos: Japan's Zozo unveils new and improved 'Zozosuit 2', In Pictures: Dubai’s tourism industry gains pace with reopening of top attractions, Pictures: Berlin's ill-fated new Berlin-Brandenburg-Airport finally ready for take-off, Saudi Aramco and SABIC reassess crude-oil-to-chemicals project, Aramco's $75b in annual dividends will not plug Saudi Arabia's deficit, UAE homemaker gets her first salary as employee's wife, Why rush? Laut dem saudischen Kronprinzen Mohammed bin Salman soll sich der Wert des Unternehmens auf 2 Billionen US-Dollar beziffern. The predictions are reviewed and confirmed by editors and industry professionals. Terms of Use How much is Saudi Aramco worth? Saudi Aramco profit of $49 billion in 2020 is down from $88.2 billion in 2019 and $111.1 billion in 2018. Oil giant recorded 9.2m barrels a day of crude production during first nine months. Dubai: The Saudi oil giant Aramco recorded a net income of $11.8 billion between July and end September, while confirming that it will be paying another $18.75 billion as third quarter dividends. All rights reserved. Photo: The Canadian Press. Saudi Aramco may be worth as little as $1.5 trillion or even less, well below the target set by the kingdom, according to research sent on Sunday … Oil giant recorded 9.2m barrels a day of crude production during first nine months Energy giant Saudi Aramco reported a 25 percent slump in first-quarter net profits due to low oil prices, saying the coronavirus crisis will dampen demand and full-year earnings. As the global economic and social landscape evolves, these strengths and our continued drive to lower GHG emissions mean we are well positioned to support the energy needs of the global economic recovery.". “We continue to adopt a disciplined and flexible approach to capital allocation in the face of market volatility. COVID-19 took a heavy toll on Aramco but the company still made a profit of $49bn and will pay shareholders dividends worth … Al-Falih, who also serves as chairman of energy mammoth Aramco… As the world’s largest energy producer and with the … Managing some of the largest proven reservoirs in the world demands extraordinary capabilities. SINGAPORE (ICIS)--Saudi Aramco, the world’s biggest crude oil exporter, has completed issuance of international bonds worth $8bn in five tenors.. Net Worth Spot is not associated with YouTube. But the company says the third quarter still offered some positives. Of course, this leaves a huge value gap. "Our resilience is supported by our unique scale, low upstream carbon intensity and low production costs. The Saudi Aramco YouTube channel started in 2013 and is based in Saudi Arabia. Our estimate may be low though. Weaker refining and chemicals margins also hit the company's net profit. These cookies are used to improve your experience and provide more personalized service to you. Khalid Al-Falih was born on 1960 in Dhahran, Saudi Arabia, Saudi Arabia, is Minister of Energy, Industry and Mineral Resources, Saudi Arabia. Disclamer: Saudi Aramco net worth displayed here are calculated based on a combination social factors. How much money does voltNik make, Thomis Bastelstube net worth, Telcel money, stalker29218 income, How much does Владислав Бевза make, Geekanoids net worth per month, Android Estrella net worth 2021, Celcom Axiata net worth. Khalid al-Falih was appointed as Saudi Arabia's petroleum minister in May 2016. The YouTuber is pretty secretive about finances. “We are making progress on multiple fronts, including the world’s first blue ammonia shipment for zero-carbon power generation in Japan – further strengthening our focus on new and innovative solutions that contribute to the global energy transition,” the CEO added. Each month, Saudi Aramco' YouTube channel gets more than 11.62 million views a month and around 387.44 thousand views each day. Saudi Aramco worth a staggering $1.88 trillion after stock launch Aramco surpasses Apple. Saudi Arabia's national oil company had a net income of $88.2 billion last year, according to its financial results statement. This website stores cookies on your computer. if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-networthspot_com-medrectangle-3-0')}; So, you may be asking: What is Saudi Aramco's net worth? Aramco manages its reservoirs to maximize recovery as opposed to volumes. [6] Both on your website and other media. 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