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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 10/18
37.4 SAR   0.00%
10/14MOVES-M. Stanley banker who advised on Aramco IPO to join Saudi Fransi Capital-source
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10/13ARABIAN SUN : Number 39
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10/12ASIA CRUDE OIL IMPORTS STAY SOFT, BUT MIDDLE EAST IS REGAINING SHARE : Russell
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Saudi Arabian Oil : Guyana grants Saudi Aramco unit one-year contract to market crude

09/16/2021 | 05:02pm EDT

GEORGETOWN, Sept 16 (Reuters) - Guyana has granted a unit of Saudi Arabian Oil Co, known as Aramco, a one-year contract to market the government's share of the crude produced in the South American country, Vice President Bharrat Jagdeo told Reuters.

The country in early September had awarded Aramco a contract to market a cargo scheduled for Sept. 21-22. Natural Resources Minister Vickram Bharrat told Reuters at the time that the company was likely to win the year-long contract as well, but that the process was not yet complete.

Guyana became the world's newest energy hotspot when a consortium led by Exxon Mobil Corp began producing crude off the country's coast in late 2019. It is now producing around 120,000 barrels per day, and the consortium, which also includes Hess Corp and China's CNOOC Ltd has discovered more than 9 billion barrels of recoverable resources.

But the country lacks domestic refining capacity or a state oil company, so earlier this year it launched a search process for an agent to market its crude. Parallel talks with Indian refiners to export Guyana's light oil to that country failed to lead to a supply contract. (Reporting by Neil Marks Writing by Luc Cohen Editing by Marguerita Choy)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CNOOC LIMITED 1.38% 8.8 End-of-day quote.22.56%
SAUDI ARABIAN OIL COMPANY 0.00% 37.4 End-of-day quote.6.86%
All news about SAUDI ARABIAN OIL COMPANY
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Analyst Recommendations on SAUDI ARABIAN OIL COMPANY
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Financials
Sales 2021 1 356 B 362 B 362 B
Net income 2021 367 B 97 907 M 97 907 M
Net Debt 2021 285 B 76 022 M 76 022 M
P/E ratio 2021 20,3x
Yield 2021 3,78%
Capitalization 7 476 B 1 993 B 1 993 B
EV / Sales 2021 5,72x
EV / Sales 2022 5,25x
Nbr of Employees 79 000
Free-Float 1,76%
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Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 37,40 SAR
Average target price 35,51 SAR
Spread / Average Target -5,07%
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 COMPANY6.86%1 995 631
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PUBLIC JOINT STOCK COMPANY GAZPROM71.61%122 578
EQUINOR ASA57.95%88 469