Saudi Aramco recorded $6 billion in AI-driven technology realised value (TRV) during 2023-2024, with Amin Nasser, President and CEO, projecting an additional $3-5 billion in 2025.

More than 50 per cent of the TRV is directly attributed to AI applications, he said during a panel discussion at the World Economic Forum in Davos.

Nasser highlighted rapid progress in deployment, noting that Aramco’s AI use cases expanded from 400 last year to 500 this year.

"(Of these) 100 use cases went from the pilots to actual deployments," he said.

To support this acceleration, Aramco has trained 6,000 subject matter experts in AI fundamentals, enabling frontline staff to identify and prioritise high-impact opportunities.

This is in addition to the hundreds of data analysts the energy giant already employs to turn AI insights into measurable operational gains.

Quantified operational impacts include upstream productivity improvements of 30-40 per cent in certain wells.

In downstream operations, AI systems delivered margin improvements by adjusting parameters in seconds rather than relying on manual decisions.

Nasser said HUMAIN, a PIF-backed AI company in which Aramco holds a significant minority stake, will pursue growth opportunities in data centres, applications, and chips both locally and globally.

These advances are set against Aramco’s substantial investment programme, with annual capital expenditure of $50-60 billion and approximately $100 billion in projects currently under construction, illustrating the enterprise-wide scope and potential of AI integration across the organisation.