Saudi Arabian Oil Company

SR 26.16As of Sun 8 Nov 2026, 12:00 UTC

Tadawul:2222Energy

Country Saudi Arabia

PE (Fwd) •••

TSR 7Y CAGR 2.99%

Div yield 5.19%

ROE 25.20%

Oil & Gas Integrated

Beta (5Y) (0.02)

PE TTM 14.07

TSR TTM 6.27%

Mkt cap SR 6.328T

ROIC 22.96%

SE Grade™

Value

Quality

Moat

Consensus

Reference

SR 33

24.36%

(42.84%)

Sell 0|12|3|5|9

TTM

FYE 31 Dec SAR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

55.23

RevenueSR B

1,182

1,200

1,253

1,317

1,357

1,386

1,426

1,454

1,515

1,562

60.98

2.85%

3.14%

7.34

Revenue growth%

24.53

26.70

29.39

30.99

32.77

31.57

34.55

33.55

35.76

36.11

27.36

34.55

32.17

17.26

Gross margin%

31.11

28.62

30.32

27.59

26.72

27.84

29.49

28.87

26.51

29.17

13.78

28.87

28.74

24.03

Operating margin%

16.80

14.35

12.01

9.07

11.65

13.43

13.90

14.81

16.31

17.80

24.72

14.81

14.13

4.96

Net margin%

17.34

18.77

16.73

15.68

12.79

13.01

12.24

11.15

12.05

9.08

8.60

12.05

12.90

32.61

P/E ratio (avg)x

46.60

53.24

52.77

55.60

64.09

72.19

71.90

79.78

82.01

92.88

29.56

79.78

68.00

8.091

EV/EBITx

28.75

29.17

29.16

31.21

33.12

31.25

34.61

32.84

38.43

37.62

6.485

34.61

32.05

16.10

FCF yield (avg)%

15.37

16.82

14.95

12.77

14.89

14.17

14.55

12.28

14.48

11.59

8.37

14.17

14.52

15.20

FCF margin%

1.79

0.40

2.78

1.34

2.03

3.28

1.44

0.40

8.44

0.40

1.39

0.223

FCF / Net incomex

1.890

2.054

2.137

1.950

2.053

2.111

2.092

2.182

2.032

2.283

1.458

2.111

2.073

18.05

ROIC%

24.20

27.08

27.28

28.37

29.75

26.79

26.37

24.11

21.72

18.73

27.12

24.11

26.58

25.68

Return on equity%

8.02

9.77

8.24

10.35

9.72

7.38

4.72

2.79

2.36

3.10

26.05

3.10

7.70

22.43

Return on assets%

13.13

12.75

14.58

15.64

13.71

15.11

14.53

16.25

17.09

18.97

4.21

16.25

14.85

0.79

EPSSR

4.36

5.15

5.57

6.76

8.09

9.01

9.19

10.63

11.88

13.14

0.87

10.18%

12.24%

—

19.51

EPS growth%

18.91

18.78

18.85

17.42

18.39

19.65

21.73

20.26

21.94

24.21

14.33

21.73

19.28

2.57

Bookvalue per shSR

0.70

0.72

0.77

0.83

0.85

0.79

0.78

0.68

0.70

0.65

1.54

(5.19%)

0.02%

—

2.74

FCF per shareSR

4.00

3.80

3.65

3.95

3.86

4.36

5.10

5.71

5.63

5.60

2.68

7.72%

4.47%

—

3.25

Dividend per shSR

3.15

2.94

2.77

2.67

2.54

2.65

2.86

2.90

3.16

3.55

0.84

6.96%

1.62%

—

13.33

Div yield (avg)%

7.48

10.41

10.93

8.54

9.62

11.42

11.63

8.89

6.18

4.71

20.09

8.89

9.25

6.94

Payout ratio%

19.61

16.95

15.87

17.33

16.16

15.88

16.25

15.99

16.37

15.18

24.52

15.99

16.20

243.6

Shares (diluted)B

310.4

317.0

305.4

319.1

310.6

314.7

344.8

339.9

364.8

383.1

236.7

4.28%

2.93%

7.57

Buyback yield%

0.40

1.84

4.66

2.25

2.41

2.03

4.21

3.40

12.67

2.41

2.14

1.192

D/E ratiox

2.070

2.183

2.196

2.316

2.473

2.437

2.632

2.593

3.012

3.588

1.029

2.632

2.455

78.93

Enterprise valueSR B

418.6

408.5

403.5

443.3

448.8

429.1

453.9

523.8

612.0

605.8

505.7

6.18%

5.08%

325.4

LT debtSR B

1,272

1,422

1,437

1,670

1,957

2,188

2,211

2,271

2,505

2,887

975.6

8.09%

9.16%

Peers (US$1.740T)

Cap (US$)

ExxonMobil Holdings…

676.6B

17.10x

Chevron Corporation

414.9B

15.61x

PetroChina Company…

335.9B

8.789x

Shell plc

285.2B

8.607x

Capital

TTM

10Y

Leveragex

1.310

—

EBIT/Intx

0.194

1.294

1.339

Own earn%

(1329.39)

(2.44)

(2.39)

Sh yield%

20.90

10.92

10.87

Owners

Insiders/Inst%

3.11

77.71

Short interest%

4.73

SBC / revenue%

1.72

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

9–18

$1 testx

0.0

Incr. ROIC%

Saudi Arabian Oil Company is an integrated energy and chemical company operating in Saudi Arabia and internationally through Upstream and Downstream segments. It explores, produces and sells crude oil, condensate, natural gas and NGLs, and produces chemicals, lubricants and base oils, while engaging in refining, retail fuel, distribution, trading, power generation, pipeline transport and various support services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

SR 1.562T

3.14%

1.00×

Cost of revenue

SR 931.0B

3.32%

1.02×

Operating expenses

SR 180.1B

3.05%

0.99×