Saudi Arabian Oil Co (SAU:2222) Tax Rate % : 50.64% (As of Dec. 2023)

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What is Saudi Arabian Oil Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Saudi Arabian Oil Co's Tax Expense for the three months ended in Dec. 2023 was ﷼102,805 Mil. Saudi Arabian Oil Co's Pre-Tax Income for the three months ended in Dec. 2023 was ﷼203,029 Mil. Therefore, Saudi Arabian Oil Co's Tax Rate % for the quarter that ended in Dec. 2023 was 50.64%.

Saudi Arabian Oil Co Tax Rate % Historical Data

The historical data trend for Saudi Arabian Oil Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Saudi Arabian Oil Co Tax Rate % Chart

Saudi Arabian Oil Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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50.40

50.66

46.41

47.61

48.79

Saudi Arabian Oil Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															52.60	47.85	48.12	48.74	50.64

Saudi Arabian Oil Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Saudi Arabian Oil Co's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	433303	/	888067
	=	48.79 %

Saudi Arabian Oil Co's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	102805	/	203029
	=	50.64 %

Saudi Arabian Oil Co Tax Rate % Related Terms

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Saudi Arabian Oil Co (SAU:2222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Arabian Oil Co (SAU:2222) » Definitions » Tax Rate %

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Traded in Other Exchanges

N/A

Address

P.O. Box 5000, Dhahran, SAU, 31311

Website

https://www.aramco.com

Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country's hydrocarbons. It is the largest oil and gas producer in the world with production volume of 13.6 mmboe/d in 2022, including 11.5 mmboe/d of liquids. Its 4.1 mmb/d in net refining capacity makes it the world's fourth-largest refiner. It also owns 56.3 million metric tons of chemical manufacturing capacity, placing it among the top five global chemical companies.

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