Barclays: Saudi Aramco's Cash Flow Could Rise Sharply by 2030

According to Jin10, Barclays analyst Lydia Rainforth said after hosting the Barclays Energy and Power Conference that Saudi Aramco's operating cash flow could rise by about 30% by 2030. She said the Saudi state oil company expects growth in its gas business to add about $12 billion to $15 billion in incremental cash flow during that period, while improved downstream performance could contribute up to $10 billion. She also said production growth would add to cash flow, estimating that, at 2025 crude prices, every additional 1 million barrels per day of output would generate about $11 billion to $12 billion in cash flow, and that Saudi Aramco has the potential to increase daily output by 2 million barrels.