BRIEF-Saudi Aramco Q2 Profit Rises

SAUDI ARABIAN OIL CO: * Q2 NET PROFIT AFTER ZAKAT AND TAX 181.64 BILLION RIYALS VERSUS 95.47 BILLION RIYALS YEAR AGO

* Q2 SALES 562.07 BILLION RIYALS VERSUS 312.35 BILLION RIYALS YEAR AGO * QUARTER SAW HIGHER CRUDE OIL PRICES AND VOLUMES SOLD

* QUARTER SAW HIGHER REFINING MARGINS * CAPITAL EXPENDITURE INCREASED BY 25% TO $9.4 BILLION IN THE SECOND QUARTER

* FUNDING COSTS CONTINUE TO BE OPTIMIZED * CONTINUES TO STRENGTHEN ITS BALANCE SHEET TO MAINTAIN A HIGH INVESTMENT GRADE CREDIT RATING ACROSS MARKET CYCLES

* RETURN ON AVERAGE CAPITAL EMPLOYED FOR Q2 AND H1 ENDED JUNE 30, 2022, WAS 31.3%, COMPARED TO 16.7% FOR THE SAME PERIODS IN 2021 * AIMS TO MAINTAIN A SUSTAINABLE AND PROGRESSIVE DIVIDEND IN LINE WITH FUTURE PROSPECTS AND UNDERLYING FINANCIAL RESULTS Source text for Eikon: Further company coverage:

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