Last year, the total turnover of SOCAR increased by 56.3% and reached 77.5 billion manats.

According to the report of "APA-Economics" with reference to SOCAR's consolidated financial report for 2021, the increase of SOCAR's income during the reporting period was due to the integrated activity of enterprises, the added value created by digital energy technologies, as well as oil, gas and oil in the world market. caused by the increase in the prices of chemical products.

Thus, SOCAR increased its profit margin from 10.2% to 11.4%, and increased its operating profit by 10.3 times to 4.93 billion manats and ended 2021 with a net profit of 2.12 billion manats.

Note that this is the highest indicator since 2008, when the company's consolidated financial statements began to be prepared.

The main part of the income was obtained from the sale of crude oil and oil products.

Despite the difficulties of the pandemic period, with the strong synergy created as a result of the integrated activity of the "Petkim" petrochemical complex and the STAR oil refinery in Turkey, both enterprises have achieved a continuous production process and increased their competitiveness.

In 2021, the utilization rate of production capacity at "Petkim" and STAR Refinery increased to 92.6% and 100.8%, respectively.

Besides, the total production volume of "SOCAR Polymer" and "SOCAR Urea" plants increased by 44% and 197.3%, respectively, and export revenues increased by 152% and more than 11 times.

Digital technologies applied in the production operations of enterprises have had a significant impact on the increase of operational efficiency and profit margins.

In the reporting year, SOCAR's current assets increased by 31.1% to 23.9 billion manats, while its current liabilities decreased by 1.6% to 20.3 billion manats.

The company's total assets increased by 8.1% to 69.4 billion manats.

A growth trend was also observed in SOCAR's total capital and the amount of cash.

Thus, the total capital of SOCAR increased by 3.8% to 22.75 billion manats, and cash resources increased by 46.5% to 9 billion manats.

It should be noted that the company's financial report prepared on 31.12.2021 was given a positive opinion by Ernst & Young Holdings (CIS) BV, a reputable international audit company.