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Saudi Aramco's crude oil production in the first quarter fell 12% year-on-year

 Last Update: 2021-06-07
 Source: Internet
 Author: User

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According to a report from Petroleum News in Dubai on May 5, 2021, Saudi Arabia’s National Petroleum Corporation (Saudi Aramco) stated in its quarterly financial report released on May 4 that demand has decreased due to OPEC+ production cuts and the new crown pneumonia epidemic.

The report said that Saudi Aramco's total oil and gas production in the first quarter averaged 11.

Saudi Aramco said that driven by rising crude oil prices, improving downstream profits and the consolidation of Saudi Basic Industries Corporation’s performance, the company’s net profit in the first quarter increased by 30.

Saudi Aramco said that cash flow from operating activities and free cash flow were US$26.

Saudi Aramco said that the company's capital expenditure this year is expected to be about 35 billion U.

Li Jun compiled from Petroleum News

The original text is as follows:

Saudi Aramco's Q1 crude oil output falls 12% on year to 8.

Saudi Aramco's crude production averaged 8.

　　Aramco's total hydrocarbon production averaged at 11.

　　Net profit rose 30.

　　Cash flow from operating activities and free cash flow was $26.

　　Aramco said it expects capex for the year to be about $35 billion, down from original guidance of $40 billion–$45 billion.

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