Saudi Arabia’s state-owned oil and gas company is using technology and reservoir management to segue into an “unprecedented moment” in history, as it works to supply necessary energy while reducing emissions, CEO Amin Nasser said earlier this month.

Nasser and his management team held a conference call to discuss the 2020 results for Saudi Arabia Oil Co., aka Aramco. He also shared some insight into 2020, as the company and its peers transition toward a low-carbon future.

The start of 2021 has seen an uptick in oil prices, a positive sign of things to come, Nasser said.

“We expect recovery to accelerate as well, especially in the second half of 2021. The improvement now underway in oil prices has been faster than many expected…We are confident that Aramco is emerging...