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 - 08/04
34.95 SAR   -0.43%
05:06pGuyana receives 15 bids from companies aiming to market govt crude
RE
05:08aSaudi Aramco Raises Oil Prices for Asia, US
DJ
08/03ANALYSIS-RIDING THE OIL PRICE REBOUND : Gulf states to accelerate asset sales
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

MEOG: Aramco deal and TAQA interest

06/15/2021 | 10:41am EDT

In this week’s MEOG, Gulf deal making continues to garner attention, with Saudi Aramco completing a $6bn sukuk and Chinese interest in the UAE’s TAQA.

Aramco last week raised $6bn via its first dollar-denominated sukuk in three tranches, attracting orders with a combined value of more than $60bn as it surpassed the reported sukuk target of $5bn. The funds are likely to be used in part to cover a portion of Aramco’s upcoming quarterly $18.75bn payment. Meanwhile, it is reported to have appointed Morgan Stanley as the lead adviser on a deal to monetise its gas pipeline infrastructure in much the same way it did with its oil pipeline business earlier this year.

In April, the company successfully closed a $12.4bn deal for a consortium led by EIG Global Partners to acquire a 49% stake in Aramco Oil Pipelines Co. (AOPC) for a duration of 25 years. Under the deal, the Saudi firm will be liable for all maintenance and to make rate payments for crude transferred through the extensive pipeline network.

Elsewhere, state-owned China Southern Power Grid Co. (CSG) is reported to be in discussions with banks as it seeks to acquire a 10% stake in UAE utility Abu Dhabi National Energy Co. (TAQA).

TAQA announced plans in March to reduce reliance on oil and gas for power generation and “become a champion for low carbon power and water”, pledging to invest over $10bn in the UAE to achieve this.

It intends to focus mainly on solar photovoltaic (PV) to increase the share of power produced from renewable sources from the current 5% to more than 30% by 2030, and will improve desalination efficiency by increasing the role of reverse osmosis to 66% by 2030.

Ahead of the announcement of its transition strategy, the company was reported to be considering the sale of its Canadian and UK North Sea assets and admitted as much in the plans, saying it would “focus on commercially viable opportunities to reduce exposure to the hydrocarbon sector”.

©2021 bne IntelliNews , source Magazine

All news about SAUDI ARABIAN OIL COMPANY
05:06pGuyana receives 15 bids from companies aiming to market govt crude
RE
05:08aSaudi Aramco Raises Oil Prices for Asia, US
DJ
08/03ANALYSIS-RIDING THE OIL PRICE REBOUN : Gulf states to accelerate asset sales
RE
08/03Saudi Arabian Oil Company Reportedly Weighing Selling Both Downstream and Ups..
CI
07/26S OIL : expects Q3 refining margins to rebound on rising fuel demand
RE
07/22SAUDI ARABIAN OIL : Aramco 'faces $50m ransom' after data leak
AQ
07/21SAUDI ARABIAN OIL : Aramco Reports Data Leak via Contractor; Hacker Demands $50 ..
MT
07/21SAUDI ARABIAN OIL : Aramco facing $50M cyber extortion over leaked data
AQ
07/15SAUDI ARABIAN OIL : Indian oil minister vows to work with Saudi, UAE to calm oil..
RE
07/15SAUDI ARABIAN OIL : CEO remarks at the 2nd Qingdao Multinational Summit Opening ..
PU
More news
Financials
Sales 2021 1 355 B 361 B 361 B
Net income 2021 366 B 97 653 M 97 653 M
Net Debt 2021 268 B 71 553 M 71 553 M
P/E ratio 2021 19,7x
Yield 2021 4,03%
Capitalization 6 986 B 1 863 B 1 863 B
EV / Sales 2021 5,35x
EV / Sales 2022 4,98x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
Duration : Period :
Saudi Arabian Oil Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 34,95 SAR
Average target price 35,19 SAR
Spread / Average Target 0,68%
EPS Revisions
Managers and Directors
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Director, SVP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
Sector and Competitors
1st jan.Capi. (M$)
SAUDI ARABIAN OIL COMPANY-0.14%1 870 903
ROYAL DUTCH SHELL PLC19.89%159 266
PETROCHINA COMPANY LIMITED37.08%123 512
TOTALENERGIES SE6.77%117 974
PUBLIC JOINT STOCK COMPANY GAZPROM35.70%92 836
ROSNEFT OIL COMPANY31.81%70 621