Saudi Arabian Oil Co. 2222
TADAWUL · Saudi Arabia · Energy Minerals
SAR 25.18-0.04 (-0.16%)
Market open· · SAR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · SAR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
SLB has had a mixed share price run, with the stock still up 82.1% over five years even after recent weakness, which naturally raises the question of whether today’s valuation is supported by the cash it can generate over time. With a Discounted Cash Flow (DCF) estimate available, the key focus now is how that cash flow profile stacks up against the current US$49.87 share price. Over the past five years, SLB has delivered a 82.1% total return, so a lot of long term value is already being...
Oil prices dropped after a report that Saudi Arabia has resumed exporting oil through its now-repaired East-West pipeline. The pipeline was damaged by drone strikes on Sept. 10, but partial flows of around 3.5 million barrels a day have been restored on a route that bypasses the Strait of Hormuz, Dow Jones Newswires reported, citing people familiar with the matter. Brent crude, which was trading around $107 a barrel earlier in the day, moved lower to around $105 a barrel.
Oil prices trimmed earlier gains as Saudi Arabia’s state supplier reopened a key distribution point.
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Tests on the damaged route were followed by a low-rate restart, offering a possible new outlet for Saudi crude beyond Hormuz.
Brent and WTI climbed early Tuesday, then closed lower as traders weighed possible Iran talks against signs of recovering Gulf supply.
Damage to Saudi Arabia’s East-West pipeline is forcing cargo cancellations and exposing how little flexibility remains in global oil flows.
The outage has stranded a crucial export route just as Hormuz disruptions leave traders with fewer ways to replace lost barrels.