Saudi Aramco Expects Up to $5 Billion Gains from AI in 2025

Saudi Aramco Expects Up to $5 Billion Gains from AI in 2025

Saudi oil giant Aramco expects AI and other advanced technology to have helped it achieve in 2025 a technology realized value of between $3 billion and $5 billion, chief executive Amin Nasser said on Tuesday.  The world’s biggest oil firm in both production and market capitalization had total realized technology value of $6 billion in the period 2023-2024, the executive said at the World Economic Forum in Davos, Switzerland.  Through increased u…

Aramco predicts up to $5bn saving with a little help from AI

Expects $3bn-$5bn tech-realised value AI is mapping oil and gas reservoirs It is also enhancing maintenance Saudi Aramco said it is reaping larger-than-anticipated financial benefits from AI and advanced technologies as it cuts costs and boosts efficiency across its operations. The state-owned oil giant expects to have generated between $3 billion and $5 billion in technology-realised value for 2025, chief executive officer Amin Nasser told a pa…