沙特阿美2022年年报出炉：净收入1611亿美元 自由现金流1485亿美元

2022年创纪录的净收入为1611亿美元

2022年创纪录的自由现金流为1485亿美元

2022年第四季度现金股息为195亿美元，与2022年第三季度相比增加了4.0%

2022年底的资产负债率为-7.9%，而2021年底为12.0%

据沙特阿美网站3月12日公布其2022年全年的财务业绩，报告了1611亿美元的创纪录净收入——这是沙特阿美作为上市公司的最高年度利润。同时还宣布了去年第四季度195亿美元的股息，将在2023年第一季度支付。

这一业绩得到了原油价格走强、销售量增加和精炼产品利润率提高的支撑，同时公司继续加强其石油和天然气生产能力以及下游产品组合，以满足预期的未来需求。

“沙特阿美在2022年实现了创纪录的财务业绩，因为全世界的需求增加，油价走强。我们还继续专注于我们的长期战略，在整个价值链上建立能力和实力，目的是解决能源安全和可持续性问题。

“鉴于我们预计石油和天然气在可预见的未来仍将是必不可少的，我们行业投资不足的风险是真实的——包括导致能源价格上涨。为了利用我们独特的规模优势并成为全球解决方案的一部分，阿美石油公司已经开始了其历史上最大的资本支出计划，去年我们的资本支出增长了18.0%，达到376亿美元。

“我们的重点不仅是扩大石油、天然气和化学品的生产，而且还投资于新的低碳技术，有可能实现额外的减排——在我们自己的业务中和为我们产品的终端用户。”

财务亮点

沙特阿美2022年的净收入增加了46.5%，在2022年达到创纪录的1611亿美元，而2021年为1100亿美元。净收入的增加反映了原油价格的走强、销售量的增加和精炼产品利润率的提高。2022年第四季度的净收入符合市场分析的估计，不包括某些非现金项目的约33亿美元。

2022年的自由现金流达到创纪录的1485亿美元，而2021年为1075亿美元。沙特阿美继续强调强劲的资产负债表，2022年底的资产负债率为-7.9%，而2021年底为12.0%。

沙特阿美宣布2022年第四季度的股息为195亿美元，将在2023年第一季度支付。这意味着与2022年第三季度相比增加了4.0%，与公司旨在提供可持续和渐进式股息的股息政策相一致。此外，董事会还建议向符合条件的股东分配红股，金额为每持有10股送1股，但须经必要的特别大会和监管部门批准。

2022年的沙特阿美资本支出为376亿美元，比2021年增长18.0%。预计2023年资本支出约为450亿至550亿美元，包括外部投资，资本支出将增加，直到未来十年中期左右。

沙特阿美还在2022年2月完成了一项能源基础设施交易，由贝莱德不动产和哈萨纳投资公司牵头的投资者财团以155亿美元收购了新成立的子公司阿美石油天然气管道公司（AGPC）49%的股份。

2022年业务亮点

2022年，沙特阿美的平均碳氢化合物产量为1360万桶油当量/天，包括1150万桶/天液态能源。

沙特阿美在2022年以99.9%的可靠性交付原油和其他产品，继续保持其供应可靠性的良好记录。这是公司连续第三年达到这一可靠性水平。

沙特阿美上游部门继续执行其增长计划，以促进沙特油藏的长期生产力，并正在着手担负政府分配的生产任务，即到2027年将沙特阿美的原油生产将增加到1300万桶/日。

Marjan和Berri原油增量的建设和工程活动继续推进，预计到2025年将分别增加30万桶/日和25万桶/日的生产能力。

祖鲁原油增产项目正处于工程阶段，预计到2026年将提供一个中央设施来处理来自祖鲁油田的总共60万桶/日的原油。达曼开发项目的建设活动也在继续，预计到2024年和2027年将分别增加25000桶/日和50000桶/日的原油。

哈拉德和哈维耶油田的集中项目开始了调试活动，预计将在2023年达到全部产能。Hawiyah Unayzah天然气储备库的建设，是沙特的第一个地下天然气储存项目，已进入后期阶段，并开始了注入活动。该项目旨在到2024年，每天提供多达20亿标准立方英尺的天然气。

2022年8月，沙特阿美签署了一项股权收购协议，以26.5亿美元收购Valvoline Inc.的全球产品业务（Valvoline Global Products）。这项战略收购于2023年3月完成，将补充沙特阿美的优质品牌润滑油产品系列，优化其全球基础油的生产能力，并拓展沙特阿美的研发活动和与原始设备制造商的伙伴关系。

2022年11月，完成了与波兰炼油厂和燃料零售商PKN ORLEN的三项交易，扩大了Aramco在欧洲下游领域的影响力。作为交易的一部分，公司收购了格但斯克21万桶/日炼油厂30%的股权；收购了一家相关批发企业100%的股权；收购了一家航空燃料营销合资企业50%的股权。

沙特阿美和道达尔能源公司在12月做出了最终的投资决定，在沙特阿拉伯建造一个大型石化综合体。它将使现有的SATORP炼油厂能够推进沙特阿美的液体化工战略。该投资决定须符合常规的制约条件和政府批准。

2022年10月，沙特阿美成立了一个15亿美元的可持续发展基金，投资于支持稳定和包容性能源转型所需的技术。该基金计划投资于支持公司宣布的在其全资运营资产中实现2050年范围1和范围2的净零目标的技术，以及开发新的低碳燃料。

2022年11月，沙特阿美和沙特能源部签署了一项联合开发协议，在沙特的朱拜勒建造计划中全球最大的碳捕获和储存中心之一，到2027年，该中心每年的二氧化碳储存能力可达900万吨。

曹海斌 编译自 沙特阿美网站

Aramco announces record full-year 2022 results

Record net income: $161.1 billion (2021: $110.0 billion)

Record free cash flow*: $148.5 billion (2021: $107.5 billion)

Q4 2022 net income in line with analyst consensus, excluding certain non-cash items of c.$3.3 billion

The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth quarter dividend of $19.5 billion, to be paid in the first quarter of 2023.

The results were underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products, while the Company continues to strengthen its oil and gas production capacity, as well as its downstream portfolio, to meet anticipated future demand.

Commenting on the results, Aramco President & CEO Amin H. Nasser, said:

“Aramco delivered record financial performance in 2022, as oil prices strengthened due to increased demand around the world. We also continued to focus on our long-term strategy, building both capacity and capability across the value chain with the aim of addressing energy security and sustainability.

“Given that we anticipate oil and gas will remain essential for the foreseeable future, the risks of underinvestment in our industry are real — including contributing to higher energy prices. To leverage our unique advantages at scale and be part of the global solution, Aramco has embarked on the largest capital spending program in its history, and last year our capex rose by 18.0% to reach $37.6 billion.

“Our focus is not only on expanding oil, gas and chemicals production, but also investing in new lower-carbon technologies with potential to achieve additional emission reductions — in our own operations and for end users of our products.”

Financial Highlights

Aramco’s net income increased by 46.5% to a record $161.1 billion in 2022, compared to $110.0 billion in 2021. The increase in net income reflects stronger crude oil prices, higher volumes sold and improved margins for refined products. Q4 2022 net income is in line with analyst estimates, excluding certain non-cash items of around $3.3 billion.

Free cash flow* reached a record $148.5 billion in 2022, compared to $107.5 billion in 2021. Aramco continues to emphasize a strong balance sheet and its gearing ratio at the end of 2022 was -7.9%, compared to 12.0% at the end of 2021.

Aramco declared a dividend of $19.5 billion for the fourth quarter, to be paid in Q1 2023. This represents a 4.0% increase compared to the previous quarter, aligned with the Company’s dividend policy aiming to deliver a sustainable and progressive dividend. Additionally, the Board of Directors also recommended the distribution of bonus shares to eligible shareholders in the amount of one share for every 10 shares held, subject to required Extraordinary General Assembly and regulatory approvals.

Capital expenditure in 2022 was $37.6 billion, an increase of 18.0% from 2021. Aramco expects 2023 capital expenditure to be approximately $45.0 billion to $55.0 billion including external investments, with capex increasing until around the middle of the decade.

Aramco also completed an energy infrastructure deal in February 2022 resulting in a consortium of investors, led by BlackRock Real Assets and Hassana Investment Company, acquiring a 49% stake in a newly formed subsidiary, Aramco Gas Pipelines Company (AGPC), for $15.5 billion.

Operational Highlights

In 2022, Aramco’s average hydrocarbon production was 13.6 million barrels of oil equivalent per day (mmboed), including 11.5 million barrels per day (mmbpd) of total liquids.

Aramco continued its strong track record of supply reliability by delivering crude oil and other products with 99.9% reliability in 2022. It was the third year running that Aramco achieved this level of reliability.

Upstream continues to execute its growth plans to promote long-term productivity of Saudi Arabia’s reservoirs and is proceeding with implementing the Government’s mandate to increase Aramco’s crude oil MSC to 13.0 mmbpd by 2027.

Construction and engineering activities for the Marjan and Berri crude oil increments continue to progress, and are expected to add production capacity of 300,000 barrels per day (bpd) and 250,000 bpd, respectively, by 2025.

The Zuluf crude oil increment is in the engineering phase, and is expected to provide a central facility to process a total of 600,000 bpd of crude oil from the Zuluf field by 2026. Construction activities are also continuing on the Dammam development project, which is expected to add 25,000 bpd and 50,000 bpd of crude oil by 2024 and 2027, respectively.

Compression projects at the Haradh and Hawiyah fields commenced commissioning activities and full capacity is expected to be reached in 2023. Construction at the Hawiyah Unayzah Gas Reservoir Storage, the first underground natural gas storage project in the Kingdom, is at an advanced stage and has commenced injection activities. The program is designed to provide up to 2.0 billion standard cubic feet per day of natural gas for reintroduction into the Kingdom’s Master Gas System by 2024.

In August, Aramco signed an equity purchase agreement to acquire Valvoline Inc.’s global products business (Valvoline Global Products) for $2.65 billion. The strategic acquisition, which closed in March 2023, will complement Aramco’s line of premium branded lubricant products, optimize its global base oils production capabilities, and expand Aramco’s own R&D activities and partnerships with original equipment manufacturers. 

In November, three transactions with Polish refiner and fuel retailer PKN ORLEN were completed, expanding Aramco’s presence in the European downstream sector. As part of the transaction, the Company acquired equity stakes of 30% in a 210,000 bpd refinery in Gdańsk; 100% in an associated wholesale business; and 50% in a jet fuel marketing joint venture.

Aramco and TotalEnergies made a final investment decision in December to construct a large petrochemical complex in Saudi Arabia. It will enable an existing SATORP refinery to advance Aramco’s liquids-to-chemicals strategy. The investment decision is subject to customary closing conditions and approvals.

In October, Aramco established a $1.5 billion Sustainability Fund to invest in technology needed to support a stable and inclusive energy transition. The fund plans to invest in technologies that support the Company’s announced Scope 1 and Scope 2 net-zero 2050 ambition in its wholly-owned operational assets, as well as development of new lower-carbon fuels.

In November, a joint development agreement between Aramco and the Ministry of Energy was signed to construct one of the largest planned carbon capture and storage hubs in the world in Jubail, Saudi Arabia, with a storage capacity of up to 9 million tonnes of carbon dioxide a year by 2027.