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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

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Saudi Aramco Upgrades Official Selling Prices For Asia, Europe

06/03/2021 | 08:50am EDT

By David Hodari

Saudi Arabian Oil Co. on Thursday raised all of the prices at which it will sell oil to Asia and Europe in July, while leaving unchanged its prices for the U.S. In doing so, Aramco provided a further signal of rebounding demand after OPEC confirmed bullish forecasts on Tuesday, sending oil prices to highs not seen in two years.

The state-run company, also known as Saudi Aramco, upped all prices for Far East Asia, raising its Arab light crude oil by 0.20 cents a barrel to a 1.90 cents-a-barrel premium to the Oman/Dubai average.

Meanwhile, Aramco increased its light crude sale price to Northwest Europe by 1.00 cents a barrel, leaving it at a 1.90-cents-a-barrel discount to Brent crude oil traded on the Intercontinental Exchange, while also lifting its light crude sale price for the Mediterranean by 0.90 cents a barrel to give it a 1.40-cents-a-barrel discount to ICE Brent.

Aramco left all of its prices for sale to the U.S. unchanged for July, holding its light crude price at a 1.05-cents-a-barrel premium to the Argus Sour Crude Index, or ASCI, which reflect the U.S. Gulf Coast medium-sour crude.

At 1516 GMT, Brent crude oil was up 0.2% at $71.49 a barrel and WTI futures were up 0.2% at $68.98 a barrel after the American Petroleum Institute released bullish inventory numbers late Wednesday.

Write to David Hodari at david.hodari@wsj.com

(END) Dow Jones Newswires

06-03-21 1050ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
INTERCONTINENTAL EXCHANGE, INC. -0.82% 119.83 Delayed Quote.3.94%
LONDON BRENT OIL -0.96% 74.34 Delayed Quote.46.69%
S&P GSCI BRENT CRUDE INDEX -1.29% 632.7668 Delayed Quote.45.58%
S&P GSCI CRUDE OIL INDEX -1.19% 400.1972 Delayed Quote.52.41%
SAUDI ARABIAN OIL COMPANY -0.14% 34.8 End-of-day quote.-0.57%
WTI -0.89% 73.003 Delayed Quote.52.09%
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07/12MARKET CHATTER : Aramco Dismisses Morgan Stanley as Adviser for Gas Pipelines Sa..
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07/12Saudi Aramco drops Morgan Stanley on gas pipelines deal -sources
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07/12Saudi, Oman call for continued oil cooperation between OPEC and allies
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Financials
Sales 2021 1 334 B 356 B 356 B
Net income 2021 366 B 97 642 M 97 642 M
Net Debt 2021 281 B 74 935 M 74 935 M
P/E ratio 2021 19,7x
Yield 2021 4,07%
Capitalization 6 956 B 1 855 B 1 855 B
EV / Sales 2021 5,43x
EV / Sales 2022 5,13x
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 34,80 SAR
Average target price 35,30 SAR
Spread / Average Target 1,45%
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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1st jan.Capi. (M$)
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