Saudi Aramco’s debt to equity ratio more than doubled in 2020


DUBAI, March 22 (Reuters) – Saudi Arabian oil giant Aramco’s net debt-to-equity ratio has more than doubled from 26% a year earlier to 55% in 2020, the company said in a financial results report.

Net debt rose to 605.9 billion riyals ($ 161.56 billion) last year from 270.2 billion riyals in 2019, the results showed. ($ 1 = 3.7504 riyals) (reporting by Yousef Saba, editing by Louise Heavens)

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