Saudi Arabia’s profit in the first half of 2019, Sheet ExtRusion PROCESS SUPPLIERS

Date:2022-8-08 Author:Sam

123] It is expected that these acquisitions will enhance the allocation of special crude oil, improve refining and chemical production capacity, and profit from resource integration and promote business diversification.
The company showed that the market demand for petroleum and refining products performed nearly 100 % of the delivery of the market demand of oil and refining products, proved the steady operation of the enterprise; At the level of oil, the average daily crude oil output is 10 million barrels.
Although the performance has declined, Saudi Arab Essence Amin \u0026 Nbsp; H. \u0026 Nbsser, president and CEO of Saudi Arabia, commented: \”Although oil prices fell in the first half of 2019, we continued to maintain stable profitability and strong free cash flow, which depends on this depends on this. Our consistent operating performance, cost management and financial planning. The first disclosure of our financial performance is part of our first public issuance of 12 billion international bonds and an important milestone in the history of Saudi Arabia. \”
Saudi Arabia recently announced its first half of the year’s financial report. In the first half of 2019, the company’s net income was US $ 46.9 billion, which was lower than the US $ 53 billion in the same period last year, with a decline of 12%. Interest and pre -tax profit was US $ 92.5 billion, compared with $ 101.3 billion in the same period last year. Free cash flow was 38 billion US dollars, compared with US $ 35.6 billion in the same period last year. Capital expenditure was $ 14.5 billion, and the same period in 2018 was 16.5 billion US dollars. Although the performance has declined, Saudi Arabia is still the strongest company in the world. In contrast, Apple has created a profit of $ 31.5 billion in the first half of this year.
In April this year, Saudi Arabia released the international market for debt issuance and received positive reactions. Its $ 12 billion bond issuance attracted more than 100 billion US dollars to subscribe, and the excess subscription reached nearly 10 times.
Saudi ArabContinuously implementing downstream growth strategies, including acquisitions in Saudi Arabia and major international markets.
This year, Saudi Arabia acquired Saudi Basic Industry (SABIC) \u0026 nbsp; 70 % of the equity. This is an important step through integrated oil and petrochemical products to accelerate downstream growth, which will help improve the company’s profit to the greatest extent. ability.

In addition, the Reliance \u0026 Nbsp; Industries) recently announced that it will sell 20%of its oil refining and petrochemical business to Saudi Arabia. This is one of the largest foreign investment obtained by India.

Mukesh \u0026 Nbsp; Ambani, the chairman of Shinshi Industry Mukesh \u0026#8226; Ambani, the value of the transaction is US $ 75 billion, including debt repayment.

The company also conducted business expansion and enhanced innovation through innovative projects such as crude oil chemicals, non -metallic materials and hydrogen fuel manufacturing.

Looking forward to the future, Saudi Arabia will maintain a flexible and stable balance sheet. Use good financial situation to continue investing in future growth.