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

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 11/25
35.7 SAR   0.00%
11/24SUPPLIES UNAFFECTED BY HOUTHI ATTACK : Saudi Aramco
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11/24Saudi Aramco says domestic supplies unaffected by attack on Jeddah plant
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11/24Saudi tells U.N. that Houthis to blame for Aramco attack
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Saudi Arabian Oil : Remarks by SVP Ahmad A Al-Saadi at the Global AI Summit

10/22/2020 | 06:15am EST

AI Ecosystem
Saudi Aramco continues to progress its Digital Transformation Journey, where data and infrastructure are the cornerstones of our Digital Transformation. In my view, the AI-ecosystem is built around three key pillars:

  • One, Data and Infrastructure
  • Two, Technology
  • And Three, Capabilities Building

Data
Our data storage capacity in Saudi Aramco will quadruple by 2025 to reach 400PB. This growth is a result of deploying more than 100 thousand IoT and smart devices, virtual reality solutions, cybersecurity operations, and data analytics.

We have invested in a world-class scalable data center, and plan to double the power capacity from 9MW to 17MW by 2030. Our computing infrastructure will increase by four times, to exceed 20,000 nodes. In addition, we already have adopted a multi-cloud strategy to augment our private cloud capabilities.

As for connectivity capacity, we are expanding by 10 fold, from 10Gb/s to 100Gb/s, to accommodate the anticipated traffic growth as a result of immersive-experience technologies, and high-performance applications, such as AR/VR. Industrial Wi-Fi and 5G are being deployed in more than 10 operating facilities, to provide high speed wireless connectivity for IoT devices and wearables. For hard to reach areas, we are exploring the use of low earth orbit satellites, to provide high-speed connectivity and internet access.

These advancements and important investments in our data & infrastructure will be the key differentiator for a true scale-up of AI deployment.

Technology
On the technology front, we recognize the need for creating an appropriate technology-enabled collaborative environment for our teams to continue with AI technology innovation. Accordingly, we have established the Fourth Industrial Revolution Center, inaugurated last year, to foster innovation and fast track AI-solution development and deployment. These centers are backed by more than 11 corporate cutting-edge digital platforms, such as BlockChain, BPM, and ChatBot.

In addition, we have invested in more than 15 start-up companies focusing on AI and machine learning, locally and internationally.

Capability building
Last but not least, is to focus on building capabilities and developing talent to take full advantage of digitalization. We have already started several programs, including hosted master degrees with KAUST, Georgia Tech, and IE University in Spain.

Now, I'll share with you a few cases of the deployed AI

Disclaimer

Saudi Aramco - Saudi Arabian Oil Company published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 10:14:01 UTC


© Publicnow 2020
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Financials
Sales 2020 816 B 218 B 218 B
Net income 2020 203 B 54 079 M 54 079 M
Net Debt 2020 316 B 84 379 M 84 379 M
P/E ratio 2020 35,8x
Yield 2020 3,87%
Capitalization 7 136 B 1 903 B 1 903 B
EV / Sales 2020 9,13x
EV / Sales 2021 6,89x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
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Saudi Arabian Oil Company Technical Analysis Chart | 2222 | SA14TG012N13 | MarketScreener
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 32,47 SAR
Last Close Price 35,70 SAR
Spread / Highest target 9,24%
Spread / Average Target -9,05%
Spread / Lowest Target -32,8%
EPS Revisions
Managers
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
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