Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Saudi Arabia
  4. Saudi Arabian Stock Exchange
  5. Saudi Arabian Oil Company
  6. News
  7. Summary
    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 06/15
35.3 SAR   0.00%
10:41aMEOG : Aramco deal and TAQA interest
AQ
06/14South Korea refiner Hyundai Oilbank seeks listing in 2022 - parent
RE
06/11Energy Shares Fall Even as Oil Prices Finish Higher -- Energy Roundup
DJ
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Exclusive - India offers to lift regular Saudi oil volumes in June after May cuts: sources

05/06/2021 | 09:57pm EDT
FILE PHOTO: An Indian Oil tanker driver waits outside a fuel depot in Mumbai

NEW DELHI (Reuters) - Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world's top oil exporter, four sources said on Thursday.

The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month.

"This time there is no direction from the ministry to cut imports in June and unlike last time they (Aramco) have reduced the prices as well," said one of the sources.

Saudi Arabia has cut the June official selling prices (OSPs) of all crude grades it sells to Asia.

It set the June OSP for the flagship Arab light crude at $1.7 a barrel above the Oman/Dubai average for Asia, down 10 cents from May and its first price cut since December last year, sources told Reuters.

India, the world's third-biggest oil importer and consumer, imports more than 80% of its oil needs and relies heavily on the Middle East.

Earlier this year New Delhi blamed cuts by the Saudis and other oil producers for driving up crude prices as its economy tries to cope with the pandemic and advised state refiners to cut purchases.

India urged refiners to diversify crude sources to cut reliance on the Middle East and directed them to reduce intake of Saudi oil. The refiners cut purchases by over a third in May.

Another source said Indian refiners cannot continue with the cuts from Saudi Arabia on a sustained basis as the companies have to lift the volumes under annual contracts.

No immediate response was available from the companies.

(Reporting by Nidhi Verma in New Delhi; Editing by Chris Reese and Matthew Lewis)

By Nidhi Verma


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHARAT PETROLEUM CORPORATION LIMITED -0.37% 481.9 Delayed Quote.26.45%
HINDUSTAN PETROLEUM CORPORATION LIMITED -0.02% 298.35 Delayed Quote.36.94%
INDIAN OIL CORPORATION LIMITED 0.87% 115.75 Delayed Quote.26.17%
LONDON BRENT OIL 0.28% 74.6 Delayed Quote.40.72%
MANGALORE REFINERY AND PETROCHEMICALS LIMITED 6.71% 54.85 End-of-day quote.54.72%
SAUDI ARABIAN OIL COMPANY 0.00% 35.3 End-of-day quote.0.86%
WTI 0.23% 72.684 Delayed Quote.47.25%
All news about SAUDI ARABIAN OIL COMPANY
10:41aMEOG : Aramco deal and TAQA interest
AQ
06/14South Korea refiner Hyundai Oilbank seeks listing in 2022 - parent
RE
06/11Energy Shares Fall Even as Oil Prices Finish Higher -- Energy Roundup
DJ
06/11Saudi Aramco raises $6 billion with debut sukuk
RE
06/10Saudi Arabia to supply full July crude oil volumes to buyers in Asia - source..
RE
06/10MARKET CHATTER : Morgan Stanley Reportedly Advising Saudi Aramco on Sale of Natu..
MT
06/10MARKET CHATTER : Saudi Aramco Kicks Off Preparations for Sale of Gas Pipeline Ne..
MT
06/09Aramco May Raise $6 Billion From Islamic Bond Sale; Orders Top $55 Billion
MT
06/09Saudi Aramco expected to raise $6 billion as bond orders top $55 billion
RE
06/09Saudi Aramco raises $6 billion with debut sukuk
RE
More news
Financials
Sales 2021 1 293 B 345 B 345 B
Net income 2021 347 B 92 438 M 92 438 M
Net Debt 2021 270 B 72 132 M 72 132 M
P/E ratio 2021 20,0x
Yield 2021 4,00%
Capitalization 7 056 B 1 881 B 1 882 B
EV / Sales 2021 5,67x
EV / Sales 2022 5,33x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
Duration : Period :
Saudi Arabian Oil Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 34,53 SAR
Last Close Price 35,30 SAR
Spread / Highest target 13,3%
Spread / Average Target -2,18%
Spread / Lowest Target -32,0%
EPS Revisions
Managers and Directors
NameTitle
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Senior VP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
Sector and Competitors
1st jan.Capitalization (M$)
SAUDI ARABIAN OIL COMPANY0.86%1 881 363
ROYAL DUTCH SHELL PLC18.91%157 353
PETROCHINA COMPANY LIMITED47.92%141 049
TOTALENERGIES SE15.82%130 367
GAZPROM28.26%91 632
EQUINOR ASA32.57%74 952