Saudi Arabian Oil Co
2222: XSAU (SAU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.% | LOCK|X<@ | LOCK|^$<$$Ns |
Saudi Aramco Earnings: Reduced Capital Expenditure Outlook Eases Balance Sheet Pressure
Saudi Aramco reported third-quarter net income of $27 billion, down 2.3% year over year, as lower oil prices more than offset growth in hydrocarbon production and a strong downstream performance. The company narrowed its capital spending guidance and is on track to meet its full-year payout targets.
