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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

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NRG: Middle East: causeway and effect

01/25/2021 | 12:26pm EDT

Varied approaches to upstream on either side of the King Fahd Causeway are nothing new, but this week the tables have turned. OPEC kingpin Saudi Arabia’s state oil firm Saudi Aramco is reported to be extending delays to tendering processes for major expansion work at some of the Kingdom’s largest oilfields. This week, it emerged that Aramco is set to push back the deadline for bidding on several deals related to offshore assets, including the Berri and Marjan fields, which hold estimated remaining reserves of 3.9bn and 6.3bn barrels respectively.

Meanwhile, neighbouring Bahrain, which is a comparative minnow in terms of oil production, is thought to be closing in on the signing of exploration and production-sharing agreements (EPSAs) with international partners for upstream work in the island’s offshore.

Over the past two years, state-owned Tatweer Petroleum has carried out extensive work to establish target areas through advanced surveys and exploratory wells following the discovery of the offshore Khaleej Al Bahrain (KAB) field, which is estimated to contain 80bn barrels of tight oil.

In another example of the straitened times Aramco finds itself in, the company has returned to the table on negotiations for the leasing out of its oil pipeline network for a period of 25 years. Having previously walked away from discussions, Aramco appointed a new advisor and is reported to be closing in on a deal that would see it bolster its coffers with around $10bn and pay tariffs to use the infrastructure during the contract.

©2021 bne IntelliNews , source Magazine

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Analyst Recommendations on SAUDI ARABIAN OIL COMPANY
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Financials
Sales 2021 1 352 B 360 B 360 B
Net income 2021 367 B 97 920 M 97 920 M
Net Debt 2021 245 B 65 235 M 65 235 M
P/E ratio 2021 19,0x
Yield 2021 4,05%
Capitalization 6 976 B 1 860 B 1 860 B
EV / Sales 2021 5,34x
EV / Sales 2022 4,91x
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
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 34,90 SAR
Average target price 35,21 SAR
Spread / Average Target 0,89%
EPS Revisions
Managers and Directors
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Director, SVP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
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