Saudi Aramco Earns $5bn With AI, Other Advanced Technologies’ Adoption

Saudi oil giant Aramco said AI and other advanced technology adoption have helped it achieve in 2025 a technology realized value of between $3 billion and $5 billion, its Chief Executive Amin Nasser, said on Tuesday.

The world’s biggest oil firm in both production and market capitalisation 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 use of AI and other advanced technologies, Aramco realises savings in drilling, well productivity, and maintenance costs.

“We want the energy industry to be more intelligent in capitalising on AI,” Nasser told a panel at the forum, as carried by Bloomberg.

“We have the applications and the talents. The most important thing is data quality,” Aramco’s top executive said.

Aramco has a so-called digital transformation program, and is investing in AI capabilities and infrastructure.

The company says it is already using AI widely across its core business to boost efficiency, reduce production costs, and to help cut emissions at a growing number of our facilities.

In 2024 alone, Saudi Aramco recorded $1.8 billion of AI-driven Technology Realized Value (TRV). It has also identified 442 AI use cases across its operations, with more than 200 solutions already deployed and over 100 in development as of the end of 2025.

“We have access to over 90 years of proprietary data, and every day, billions of new data points are generated to add to that. This has fueled the creation of the energy industry’s first industrial Large Language Model, which we use in our day-to-day business,” Ahmad Al-Khowaiter, Executive Vice President Technology & Innovation at Aramco, said at the 2025 Adopt AI International Summit in Paris in November.

Technology is also the reason Aramco’s production costs remain the lowest in the world at $3.50 per barrel of oil equivalent, despite the challenges of rising costs and increasing resource requirements, Al-Khowaiter said.