Was 2022 Saudi Arabian Oil Company's best revenue year?

Yes — 2022 was Saudi Arabian Oil Company's highest recorded revenue year at $603.8B, the peak across all 3 years of available data.

What was Saudi Arabian Oil Company's highest ever annual revenue?

Saudi Arabian Oil Company's highest ever annual revenue was $603.8B recorded in fiscal year 2022.

Saudi Arabian Oil Company

Integrated Oil & Gas and Upstream HydrocarbonsFounded 1933

Reviewed by Swet Parvadiya

Last reviewed: June 2026

Explore Saudi Arabian Oil Company

Core profile pages, annual revenue records, and related research hubs for this company.

Saudi Arabian Oil Company

Integrated Oil & Gas and Upstream HydrocarbonsFounded 1933

Reviewed by Swet Parvadiya

Last reviewed: June 2026

Annual Revenue

Saudi Arabian Oil Company Revenue in 2022

Q: What was Saudi Arabian Oil Company's revenue in 2022?

Saudi Arabian Oil Company reported $603.8B in revenue for fiscal year 2022. Revenue reached $603.8B in 2022, a record driven by the energy price surge that followed the Ukraine invasion and lifted global crude to multi-year highs.

FY2022 Revenue

$603.8B

Source: Annual report / company filing

Saudi Arabian Oil Company reported $603.8B in revenue for fiscal year 2022. In 2023, revenue declined to $440.6B.

Revenue reached $603.8B in 2022, a record driven by the energy price surge that followed the Ukraine invasion and lifted global crude to multi-year highs.

Revenue by Year

FY2024 FY2023 FY2022

Saudi Arabian Oil Company Annual Revenue History

Year	Revenue	Net Income	YoY Change
FY2024	$473.7B	$105.9B	+7.5%
FY2023	$440.6B	—	-27.0%
FY2022	$603.8B	—	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Next year →

FY2023: $440.6B

Explore Saudi Arabian Oil Company

Core profile pages, annual revenue records, and related research hubs for this company.