Saudi Aramco reported third-quarter adjusted net income of $31.2 billion, down 7% sequentially amid lower oil prices and higher operating costs. Free cash flow, however, more than doubled to $28.2 billion from $12.3 billion in the previous quarter, strengthening the balance sheet.
Aramco holds the largest and lowest-cost oil reserves in the world, which deliver some of the highest returns in the sector.
The Saudi government retains control of Aramco, raising the risk for minority investors that capital allocation, pricing, and dividend policies might be changed in its favor in the event of low oil prices or fiscal deficits.
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Metric
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2222
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XOM
|
TTE
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.26 | 21.83 | 8.99 |
Price/Book Value | 4.03 | 2.76 | 1.58 |
Price/Sales | 3.47 | 1.94 | 1.00 |
Price/Cash Flow | 11.33 | 10.04 | 5.26 |
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Metric
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2222
|
XOM
|
TTE
|
|---|---|---|---|
Quick Ratio | 1.60 | 0.87 | 0.52 |
Current Ratio | 2.00 | 1.19 | 1.11 |
Interest Coverage | 46.93 | 65.12 | 14.49 |
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Metric
|
2222
|
XOM
|
TTE
|
|---|---|---|---|
Return on Assets (Normalized) | 17.61% | 10.47% | 7.84% |
Return on Equity (Normalized) | 29.94% | 18.55% | 19.84% |
Return on Invested Capital (Normalized) | 22.03% | 15.82% | 13.49% |
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1-Day Chart
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