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INTERNATIONAL BUSINESS MACHINES CORPORATION

(IBM)
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IBM and Amazon team up to help oil companies with data management

11/16/2021 | 01:21am EST

IBM AND Amazon Web Services (AWS) are teaming up to provide oil companies with more tools to manage data and to share production information more efficiently.

The duo has worked together to ensure oil companies can use IBM technology Open Shift to record and store oil production information.

Data technology is usually shared on an open cloud basis, but countries such as Nigeria, Saudi Arabia and Russia lack Amazon data centres, even while requiring companies to store data within the country's borders.

Companies operating in countries without Amazon Web's technology can now use IBM's programme to manage oil production data.

The innovation follows an IBM Survey that revealed less than half of oil and gas executives are using data to drive innovations.

The announcement comes fresh from the Cop26 climate summit, and follows commitments from many of the world's largest economies to reach net-zero carbon emissions by 2050.

(c) 2021 City A.M., source Newspaper

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Financials (USD)
Sales 2021 70 074 M - -
Net income 2021 6 197 M - -
Net Debt 2021 43 098 M - -
P/E ratio 2021 18,9x
Yield 2021 5,06%
Capitalization 116 B 116 B -
EV / Sales 2021 2,27x
EV / Sales 2022 2,61x
Nbr of Employees 345 900
Free-Float 39,8%
Chart INTERNATIONAL BUSINESS MACHINES CORPORATION
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International Business Machines Corporation Technical Analysis Chart | IBM | US4592001014 | MarketScreener
Technical analysis trends INTERNATIONAL BUSINESS MACHINES CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Last Close Price 129,35 $
Average target price 144,87 $
Spread / Average Target 12,0%
EPS Revisions
Managers and Directors
Arvind Krishna Chairman & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior VP-Operations
Juan Antonio Zufiria Senior VP-Global Technology Services
Kathryn W. Guarini Chief Information Officer
Michael L. Eskew Lead Independent Director
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