"Aramco" share falls to the lowest level in 5 years, amid oil pressure

The shares of Aramco have fallen to the lowest level since 2020, amid the fear that the company’s revenue is constantly affected by the decline in production of maximum energy and the decline in world prices. During the contemporary session, the stock fell 1.5% to 25.55 Riyals, before a decline in closure dropped, increasing its total losses since the beginning of the year to about 9%. This comes with the arrival of the date of the whole of ordinary profits for the fourth quarter of last year and those related to the year to the performance of the shares, which puts extra pressure on the market share movement. Aramco’s oil production has continued to reduce the production of “OPEC+” because Aramco production remains at less than 9 million barrels per day, which is much less than the productive capacity that is more than 11 million barrels a day, according to oil analyst in the “Bloomberg Intelligence” Saleh Yilmaz. According to “Bloomberg” data, Aramco prepared last week to supply the lowest amount of oil to China for at least ten months, and the company will ship 34 million barrels of crude oil loaded in April in April, in Beijing, the largest oil importer in the world, compared to 41 million barrels in March. For fear of oil prices, “Goldman Sachs” lowered its expectations for the Brent-Ru price to a series of $ 65-80 for the barrel. Dan Criminal, head of the bank’s research, said they were not considered more than $ 70 in minimum prices, despite the expectation of Brent survival in the coming months. The second half of the year, while ‘City Group’ and ‘JB Morgan’ suggested that the year end at the lowest or middle range of $ 60. As for the ‘Wall Street’ estimates for 2025, you see that prices will not rise much, as ‘JP Morgan’ has estimated the average price of $ 61, and it can reach $ 50 with Trump’s pressure to keep Russian and Iranian oil in the market. Aramco Prospects, Aramco’s profits fell by 12.4% over the past year, with revenue dropping due to low prices of crude oil and selling quantities, but the results were compatible with the expectations of analysts. The OPEC+decision to move forward in raising production from April will mean a gradual increase in the level of Aramco production, although it is likely that the decision will lead to low standard oil prices, according to Yilmaz, and add: “These factors limit the generation of the business to revenue.” Saudi -Aramco and his CEO, Amin Al -Nasser, are expected to grow further in 2025 in 2025. According to “Bloomberg Intelligence”. The company’s board of directors announced basic profits for the fourth quarter of last year, with a value of 79.3 billion Riyals ($ 21.1 billion), which will be paid in the first quarter of this year, an annual increase of 4.2%. The Fitch Credit Classification Agency, yesterday confirmed the ‘Aramco’ classification of ‘A+’ with a stable future prospects, explaining that the company’s classification is limited to Saudi Arabia, due to the close association of the company with the government.