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Saudi Arabian Oil Co

2222.SE

Latest Trade

36.85SAR

Change

0.15(+0.41%)

Volume

2,350,212

Today's Range

36.55

 - 

36.85

52 Week Range

33.90

 - 

38.30

As of on the Saudi Arabian Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Aramco And China Building Materials Academy Announce Launch Of NEXCEL

Jan 11 (Reuters) - SAUDI ARABIAN OIL CO <2222.SE>::ARAMCO AND CHINA BUILDING MATERIALS ACADEMY ANNOUNCE LAUNCH OF NEXCEL - A NEW CENTER OF EXCELLENCE FOR NON-METALLICS.CENTER TO FURTHER ADVANCE USE OF NONMETALLIC MATERIALS IN BUILDING AND CONSTRUCTION SECTOR.CENTER TO BE LOCATED IN BEIJING, CHINA.NEXCEL WILL LEVERAGE CBMA’S EXPERTISE AND RESOURCES TO PROMOTE DEVELOPMENT AND APPLICATION OF NONMETALLIC TECHNOLOGIES .Further company coverage: 2222.SE. ((Reuters.Briefs@thomsonreuters.com;)).

NMDC Says Unit NPCC Awarded New AED 8.2 Bln Contract By Aramco

Jan 3 (Reuters) - NATIONAL MARINE DREDGING <NMDC.AD>::NPCC AWARDED NEW AED 8.2 BILLION CONTRACT BY ARAMCO.PROJECT IS EXPECTED TO BE EXECUTED OVER 3 YEARS.CONTRACT FOR 2 PACKAGES OF THE ZULF MARINE FIELD.

Aramco And AEC Sign MoU To Accelerate Kingdom's Digital Ecosystem Development

Dec 30 (Reuters) - SAUDI ARABIAN OIL CO <2222.SE>::ARAMCO AND AEC STRENGTHEN DIGITAL ECOSYSTEM.ARAMCO AND ADVANCED ELECTRONICS COMPANY ARE COLLABORATING TO PROMOTE LOCALIZATION OF DIGITAL BUSINESSES IN SAUDI ARABIA.TWO COMPANIES HAVE SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) TO ACCELERATE KINGDOM'S DIGITAL ECOSYSTEM DEVELOPMENT.PARTNERSHIP AIMS TO SUPPORT WIDER EFFORTS TO ENABLE INTERNET OF THINGS (IOT) TECHNOLOGIES, COMPUTING AND COMMUNICATION, ROBOTICS, DRONES, AND SEMICONDUCTORS.PROGRAM AIMS TO MAXIMIZE LOCAL CONTENT, CONTRIBUTE TO GDP GROWTH, CREATE NEW JOBS, ACCELERATE DIGITAL TALENT DEVELOPMENT, AND ENHANCE ARAMCO’S RELIABILITY AND OPERATIONAL EFFICIENCY.Further company coverage: 2222.SE. ((Reuters.Briefs@thomsonreuters.com;)).

Aramco, L&T Sign MoU To Establish Heavy Wall Pressure Vessels Facility At Jubail Industrial City

Dec 7 (Reuters) - SAUDI ARABIAN OIL CO <2222.SE>::ARAMCO AND LARSEN & TOUBRO TO COLLABORATE ON MANUFACTURING SECTOR DEVELOPMENT.ARAMCO AND L&T SIGN MOU TO ESTABLISH HEAVY WALL PRESSURE VESSELS FACILITY AT JUBAIL INDUSTRIAL CITY.L&T IS DUE TO START CONSTRUCTION OF NEW FACILITY IMMINENTLY, WITH PRODUCTION EXPECTED TO COMMENCE BY Q3 2022.FACILITY AIMS TO PRODUCE CRITICAL EQUIPMENT FOR SEVERAL INDUSTRIES, INCLUDING THE POWER AND OIL AND GAS SECTORS.Further company coverage: 2222.SE. ((Reuters.Briefs@thomsonreuters.com;)).

Saudi Aramco Enters Lubricants Market With Launch Of Orizon Product Range

Dec 5 (Reuters) - Saudi Arabian Oil Co <2222.SE>::ARAMCO ENTERS LUBRICANTS MARKET WITH LAUNCH OF ORIZON PRODUCT RANGE.ARAMCO HAS INTRODUCED THE ORIZON® PRODUCT LINE IN MORE THAN 20 CITIES INCLUDING RIYADH, JEDDAH AND DAMMAM WITH MORE LOCATIONS PLANNED.ORIZON PRODUCTS INCLUDE SYNTHETIC AND SEMI-SYNTHETIC LUBRICANTS FOR GASOLINE ENGINES AND HEAVY-DUTY DIESEL ENGINES, AS WELL AS DRIVELINE PRODUCTS, GREASES AND BRAKE FLUIDS.THE COMPANY HAS ALSO EXPANDED THE BRAND TO INCLUDE ORIZONPRO WHICH IS A HIGH-PERFORMANCE LINE FOR THE INDUSTRIAL SECTOR.Further company coverage: 2222.SE. ((Reuters.Briefs@thomsonreuters.com;)).

Wa’ed Announces SAR 19 Mln Pre-Series A Investment Co-Led With Raed Ventures In Lamaa

Dec 2 (Reuters) - SAUDI ARABIAN OIL CO <2222.SE>::WA'ED ANNOUNCES A SAR 19 MILLION INVESTMENT IN SAUDI-BASED FINTECH MARKETPLACE LAMAA, IN A ROUND CO-LED WITH RAED VENTURES - STATEMENT.SAUDI ARAMCO’S ENTREPRENEURSHIP ARM WA’ED AND RAED VENTURES CO-LEAD A FUNDING ROUND IN LAMAA.INVESTMENT SECURED FROM WA’ED AND RAED WILL HELP LAMAA FURTHER DEVELOP ITS TRADE RECEIVABLES DISCOUNTING SYSTEM (TREDS) PLATFORM TO FACILITATE FACTORING ACROSS THOUSANDS OF SUPPLIERS SIMULTANEOUSLY.PHASE TWO OF THE PLATFORM IS CURRENTLY UNDERGOING LICENSING NEGOTIATIONS, WHICH WILL INCORPORATE FAMILY OFFICES AND PRIVATE INVESTORS TO LAMAA’S INVOICE FACTORING MARKETPLACE, PROVIDING ADDITIONAL INVESTMENT CHANNELS TO SUPPORT SMES, AHEAD OF EXPANDING INTO EGYPT, THE UNITED ARAB EMIRATES, AND QATAR.Further company coverage: 2222.SE. ((Reuters.Briefs@thomsonreuters.com;)).

Saipem Wins $750 Mln Contract in Saudi Arabia

Nov 30 (Reuters) - Saipem SpA <SPMI.MI>::AWARD OF $750 MILLION CONTRACT FOR JAFURAH GAS FIELD.PROJECT INVOLVES CONSTRUCTION OF APPROX 835 KM OF PIPELINES.SIGNS NEW CONTRACT WITH SAUDI ARAMCO ON THE JAFURAH DEVELOPMENT PROGRAM IN SAUDI ARABIA.Further company coverage: SPMI.MI2222.SE. (Reporting by Gdansk Newsroom). ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;)).

Gaussin Announces Aramco Will Be Its Main Sponsor For Dakar 2022 Rally-Raid

Nov 11 (Reuters) - GAUSSIN SA <ALGAU.PA>::ANNOUNCES THAT ARAMCO WILL BE ITS MAIN SPONSOR FOR THE DAKAR 2022 RALLY-RAID.THE SPONSORSHIP AGREEMENT CONCERNS THE NEW GAUSSIN RACING TRUCK AND INCLUDES A PURCHASE OPTION TO SUBSCRIBE UP TO 20% OF THE GAUSSIN SHARES.

Saudi Aramco Announces Q3 Dividend Of $18.8 Bln

Oct 31 (Reuters) - SAUDI ARABIAN OIL CO <2222.SE>::Q2 DIVIDEND OF $18.8 BILLION PAID IN THE THIRD QUARTER; Q3 DIVIDEND OF $18.8 BILLION TO BE PAID IN THE FOURTH QUARTER.Q3 FREE CASH FLOW $28.7 BILLION.Q3 CASH FLOW FROM OPERATING ACTIVITIES $36.3 BILLION.ARAMCO CONTINUES TO INVEST FOR THE FUTURE WITH CAPITAL EXPENDITURE OF $7.6 BILLION IN THE THIRD QUARTER.GEARING RATIO 17.2% ON SEPTEMBER 30, 2021 COMPARED TO 23% ON DECEMBER 31, 2020.ACHIEVING 99.7% RELIABILITY IN THE DELIVERY OF CRUDE OIL AND OTHER PRODUCTS IN THE THIRD QUARTER OF 2021.TOTAL HYDROCARBON PRODUCTION OF 12.9 MILLION BARRELS PER DAY OF OIL EQUIVALENT IN THE THIRD QUARTER OF 2021.SAUDI ARAMCO CEO SAYS OUR EXCEPTIONAL THIRD QUARTER PERFORMANCE WAS A RESULT OF INCREASED ECONOMIC ACTIVITY IN KEY MARKETS.Q3 AVERAGE CRUDE OIL PRODUCTION OF 9.5 MILLION BARRELS PER DAY (BPD).SAUDI ARAMCO CEO SAYS SOME HEADWINDS STILL EXIST FOR THE GLOBAL ECONOMY, PARTLY DUE TO SUPPLY CHAIN BOTTLENECKS, BUT WE ARE OPTIMISTIC THAT ENERGY DEMAND WILL REMAIN HEALTHY FOR THE FORESEEABLE FUTURE..SAUDI ARAMCO CEO SAYS LOOKING AHEAD, WE ARE MAINTAINING OUR STRATEGY TO INVEST FOR THE LONG TERM.DURING THE THIRD QUARTER, THE HAWIYAH GAS PLANT EXPANSION PROJECT REACHED ADVANCED STAGES OF CONSTRUCTION..ARAMCO CEO SAYS WE WILL BUILD ON OUR TRACK RECORD OF LOW-COST AND LOW-CARBON INTENSITY PERFORMANCE TO ADVANCE OUR RECENTLY ANNOUNCED AMBITION TO ACHIEVE NET-ZERO SCOPE 1 AND SCOPE 2 GREENHOUSE GAS EMISSIONS ACROSS OUR WHOLLY-OWNED OPERATED ASSETS BY 2050.”.

Saudi Aramco Q3 Profit Rises

Oct 31 (Reuters) - SAUDI ARABIAN OIL CO <2222.SE>::Q3 SALES 359.09 BILLION RIYALS VERSUS 200.06 BILLION RIYALS YEAR AGO.Q3 NET PROFIT AFTER ZAKAT AND TAX 114.09 BILLION RIYALS VERSUS 44.21 BILLION RIYALS YEAR AGO.Q3 SAW IMPACT OF HIGHER CRUDE OIL PRICES AND VOLUMES SOLD.Q3 SAW STRONGER REFINING AND CHEMICALS MARGINS.DURING THE THIRD QUARTER, THE HAWIYAH GAS PLANT EXPANSION PROJECT REACHED ADVANCED STAGES OF CONSTRUCTION.PROJECT IS PART OF THE HARADH GAS INCREMENT PROGRAM AND IS EXPECTED TO BE ONSTREAM IN 2022.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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