Saudi Aramco President and CEO, Amin Nasser, has highlighted the role of artificial intelligence (AI) in boosting the company’s revenues and advancing its growth.
Speaking in a dialogue session at the Annual Meeting of the World Economic Forum 2026 (WEF 2026) in Davos, Nasser cited fundamental transformations in Aramco’s financial and operational performance as a result of AI adoption.
According to Nasser, AI technologies boosted value to $6 billion in 2023 and 2024, jumping from only $300 million in previous years, reported Asharq Al-Awsat.
Within this context, Aramco CEO noted that AI was responsible for 50% of that value, expecting the company to generate between $3 billion and $5 billion in technology realized value in 2025, with figures set to be published next month.
Nasser revealed that the utilization of AI in exploration and production has led to impressive results, increasing the production of some wells by 40%, in addition to reducing costs and emissions and enhancing operational reliability.
In a message to the global industry, Saudi Aramco CEO said that it is not just about purchasing chips and graphic processing units (GPUs). Rather, it is about the quality of the data and fostering talent, Nasser noted, adding that Aramco has 6,000 talents trained on AI.
Moreover, Nasser revealed Aramco’s massive structural size. “Today we have projects worth $100 billion under construction,” he said, noting that integrating AI in these large-scale projects creates added value.
Looking forward, Nasser said that ambitions are moving towards “autonomous operations” in collaboration with major cloud providers, in line with safety and control standards.
