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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Arabian Oil Company    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
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MIDEAST STOCKS-Major Gulf markets rise in early trade

11/04/2020 | 03:12am EST

Nov 4 (Reuters) - Major stock markets in the Gulf traded higher on Wednesday, in line with Asia shares, as financial markets and oil prices rallied, with a closer-than-anticipated presidential race sparking volatility.

Asian shares and U.S. equity futures surged as the presidential election proved far closer than polls had predicted between incumbent Donald Trump and Democratic contender and wide favourite Joe Biden.

Crude prices rose above 2% and the move come ahead of data expected to show U.S. crude stockpiles rose 900,000 barrels last week after gaining 4.3 million barrels in the prior week.

Saudi Arabia's benchmark index advanced 1.2%, buoyed mainly by gains in the financial stocks including National Commercial Bank, which advanced 2.3%, while oil behemoth Saudi Aramco firmed 0.9%.

On Tuesday, Aramco reported a 44.6% drop in third-quarter net profit as the coronavirus crisis continued to choke demand and weigh on crude prices.

However, the net profit was in line with analysts' estimate provided by Refinitiv.

Dubai's main share index gained 0.9%, led by a 1.3% rise in its largest lender Emirates NBD.

The bank confirmed on Tuesday it is in discussions with Lebanon's Blom Bank regarding the potential acquisition of Blom Bank Egypt.

The Abu Dhabi index was up 0.7%, driven by a 1.2% rise in the country's largest lender First Abu Dhabi Bank .

In Qatar, the index increased 0.5%, with Qatar Fuel Co gaining 1.6%. (Reporting by Ateeq Shariff and Aby Jose Koilparambil in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BLOM BANK SAL 0.98% 2.07 End-of-day quote.0.00%
EMIRATES NBD BANK -2.93% 11.6 End-of-day quote.12.62%
FIRST ABU DHABI BANK P.J.S.C. -0.80% 14.94 End-of-day quote.15.81%
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.8.61%
QATAR FUEL COMPANY Q.P.S.C.("WOQOD") -0.52% 19 End-of-day quote.1.71%
SAUDI ARABIAN OIL COMPANY 0.00% 34.8 End-of-day quote.-0.57%
THE NATIONAL COMMERCIAL BANK -0.11% 45.3 End-of-day quote.4.50%
WTI -1.77% 52.063 Delayed Quote.10.00%
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Financials
Sales 2020 819 B 218 B 218 B
Net income 2020 203 B 54 200 M 54 200 M
Net Debt 2020 317 B 84 514 M 84 514 M
P/E ratio 2020 33,5x
Yield 2020 3,96%
Capitalization 6 956 B 1 854 B 1 855 B
EV / Sales 2020 8,88x
EV / Sales 2021 6,64x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
Duration : Period :
Saudi Arabian Oil Company Technical Analysis Chart | 2222 | SA14TG012N13 | MarketScreener
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 32,56 SAR
Last Close Price 34,80 SAR
Spread / Highest target 12,1%
Spread / Average Target -6,44%
Spread / Lowest Target -31,0%
EPS Revisions
Managers and Directors
NameTitle
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Yasir bin Othman Al-Rumayyan Chairman
Khalid H. Al-Dabbagh Senior VP-Finance, Strategy & Development
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Mark Moody-Stuart Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SAUDI ARABIAN OIL COMPANY-0.57%1 854 023
ROYAL DUTCH SHELL PLC10.09%148 507
TOTAL SE2.61%115 901
PETROCHINA COMPANY LIMITED5.42%111 311
GAZPROM1.01%67 668
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-4.41%65 595