沙特阿美公布2019年净收入882亿美元

据3月17日Petrol World报道，沙特阿拉伯石油公司（沙特阿美）发布了2019年财务业绩。

尽管国际油价持续低迷，炼油和化工的盈利富有挑战性，但该公司仍设法实现了可观的利润和股息。

该公司2019年全年净收入为882亿美元，而2018年为1,111亿美元，净收入同比降低的原因在于较低的原油价格和产量、炼油和化工利润率下降以及与萨达拉化学公司相关的16亿美元损失。与2018年的858亿美元相比，2019年的自由现金流为783亿美元，这主要是由于收入减少，但资本支出减少和良好的营运资本流动抵消了这一影响。该公司2019年底的资产负债表显示，该公司财务框架稳健，截至2019年底，负债率为-0.2%。

该公司的下游业务持续扩张，并从整个烃类价值链的战略整合中获取利润，增强了产品组合，优化了运营模式。去年，沙特阿美签署了一份购股协议，以691亿美元的价格收购了沙特公共投资基金（Public Investment Fund）在全球最大化工公司之一沙特基础工业公司（SABIC）70%的股权，这将加速沙特阿美的下游战略布局，从长远来看也有助于其抓住石化产品不断增长的需求。这笔交易预计将于2020年上半年完成，届时该公司将成为全球最大的石油化工生产商之一。

该公司2019年股息支付总额为732亿美元。其IPO招股说明书中披露，公司宣布在2019年12月5日至2019年12月31日期间派发39亿美元的普通股息，是2019年第四季度134亿美元普通股息的一部分。该公司计划2020年申报750亿美元的普通现金股利，每季度支付一次。与2018年的351亿美元相比，2019年的资本支出为328亿美元。鉴于当前的市场状况和近期的商品价格波动，公司预计2020年的资本支出在250亿美元至300亿美元之间。该公司较低的上游成本和较低的持续资本为其提供了显著的灵活性和与其他同行的差异。

该公司2019年的平均总碳氢化合物产量为每天1320万桶油当量，仍然是世界上最大的原油和凝析油生产商之一。与2018年的2,569亿桶相比，沙特阿美公司基于特许权协议的2019年油气总产量为2,586亿桶。在9月份两座工厂遭受袭击后，该公司在11天内恢复了产能，这得益于其应急响应培训和程序，更验证了其长期以来在可靠性方面的声誉。

“对于沙特阿美而言，2019年是不平凡的一年。在各种情况下，世界对沙特阿美的灵活性和韧性有了前所未有的了解，其中有些是有计划的，有些则不是。”沙特阿美总裁兼首席执行官Amin H. Nasser说道。“我们独特的规模、低成本和韧性共同实现了产量的增长，赢得了世界领先地位，同时还维持了世界上最可靠的能源公司之一的地位。这些优势，再加上强劲的资产负债表和灵活规范资本配置方式，使我们能够保持自由现金流的持续增长，实现在市场持续波动的情况下向股东派发股息的目标。”

舒晓玲 摘译自 Petrol World

原文如下：

Saudi Aramco Posts $88.2b Net Income For 2019

The Saudi Arabian Oil Company (Saudi Aramco) has posted its 2019 financial results.

In spite of a lower price environment and challenging margins in refining and chemicals, the company has managed to deliver strong profits and dividends.

Net income stood at $88.2 billion for the full-year 2019, in comparison to $111.1 billion in 2018. Lower crude oil prices and production volumes, coupled with declining refining and chemical margins, and a $1.6 billion impairment associated with Sadara Chemical Company contributed to the decrease. Compared to $85.8 billion in 2018, free cash flow was $78.3 billion, which was primarily due to lower income, offset by lower capital expenditures and favorable working capital movements. The strong and prudent financial framework was demonstrated by the company’s balance sheet, which showed a gearing ratio of -0.2% at the end of 2019.

The Company’s downstream business continued expansion, enhancing its portfolio, optimizing operations and capturing value from strategic integration across the hydrocarbon value chain. Last year, the company signed a share purchase agreement to acquire the Public Investment Fund’s 70% equity interest in SABIC, one of the world’s largest chemicals companies, for $69.1 billion, which will accelerate Saudi Aramco’s downstream strategy and help capture rising demand for petrochemical products over the longer term. The SABIC transaction, which is anticipated to close in the first half of 2020, will make the Company one of the world’s largest petrochemical producers by production capacity.

Total dividend payments were $73.2 billion in 2019. Covering the period from December 5, 2019, through December 31, 2019, the Company has declared ordinary dividends of $3.9 billion, as disclosed in the IPO prospectus, which represent a proportion of the $13.4 billion total ordinary dividends declared for the fourth quarter 2019. The Company intends to declare aggregate ordinary cash dividends of at least $75.0 billion a year, paid quarterly, with respect to calendar year 2020.$32.8 billion was capital expenditure in 2019, compared to $35.1 billion in 2018. In light of current market conditions and recent commodity price volatility, the Company expects capital spending for 2020 to be between $25 billion and $30 billion. The Company’s low upstream costs and low sustaining capital provide significant flexibility and demonstrate differentiation to its peers.

With an average total hydrocarbon production of 13.2 million barrels per day of oil equivalent, the Company, in 2019 remained one of the world’s largest producers of crude oil and condensate. Compared to 256.9 billion boe in 2018, Saudi Aramco’s total 2019 hydrocarbon reserves under the Concession Agreement were 258.6 billion barrels of oil equivalent (boe).The Company restored production levels within 11 days, consequent to the attacks on two facilities in September, thanks to its emergency response training and procedures, demonstrating its long-standing reputation for reliability.

“2019 was an exceptional year for Saudi Aramco. Through a variety of circumstances – some planned and some not – the world was offered unprecedented insight into Saudi Aramco’s agility and resilience,” said Saudi Aramco President & CEO Amin H. Nasser. “Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world’s most reliable energy companies. These strengths, combined with a strong balance sheet and a disciplined and flexible approach to capital allocation, allow us to underpin our goal of sustainably growing free cash flow to support dividends to our shareholders despite continued volatility of markets.”