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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 10/17
37.4 SAR   +0.27%
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 : Malaysia's Petronas hopes to restart Pengerang refinery by year-end

09/26/2021 | 11:11pm EDT
FILE PHOTO: A Petronas logo at their office in Kuala Lumpur

SINGAPORE (Reuters) - Malaysia's Petronas hopes to restart its Pengerang refinery-petrochemical complex, a joint venture with Saudi Aramco, by year end, Arif Mahmood, Petronas' executive vice president and CEO of downstream, said at the Platts APPEC 2021 conference.

The 300,000 barrel-per-day refinery complex in Johor was shut in March 2020 following a deadly fire. The Malaysian state energy firm in February delayed the restart https://www.reuters.com/article/petroliam-results-idUSL1N2KW0S4 of the complex to the second half of 2021 from the first.

"When it comes to refining, petroleum products, we remain cautious," he said, adding that travel curbs continue to weigh on aviation fuel demand recovery as economies are still gradually opening up from the COVID-19 pandemic.

"We'll see recovery hopefully towards the end of this year, early next year."

Besides grappling with the hit to demand due to the pandemic over the past two years, the refining sector is in oversupply and faces challenges from energy transition as vehicles switch from being powered by fossil fuels to electricity.

"There's oversupply of refining capacity," Arif said, adding that Petronas is operating its other refineries at 70% to 75% of their capacities.

(Reporting by Florence Tan; Editing by Himani Sarkar)

By Florence Tan


© Reuters 2021
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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 7 466 B 1 990 B 1 990 B
EV / Sales 2021 5,71x
EV / Sales 2022 5,24x
Nbr of Employees 79 000
Free-Float 1,76%
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Technical analysis trends SAUDI ARABIAN OIL COMPANY
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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
ROYAL DUTCH SHELL PLC44.21%189 427
PETROCHINA COMPANY LIMITED67.92%149 723
TOTALENERGIES SE25.93%136 163
PUBLIC JOINT STOCK COMPANY GAZPROM72.84%122 578
EQUINOR ASA57.95%88 469