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In the short run, all oil exporting countries including Saudi Arabia are affected by the low oil prices. But Saudi Arabia benefits in the long run with estimated currency reserves of about $700 billion, allowing it to bear current low oil prices for a few more years. Low oil prices also give Saudi Arabia political power over other oil exporting countries that are its political rivals. For example, Saudi Arabia clashed with Russia and Iran over the Syrian conflict when the latter kept supporting Bashar al-Assad's regime against Saudi Arabia and its western coalition.
In the short term, it's very unlikely that Saudi Arabia will change its oil stance. The Saudis quickly announced that the new king will be Abdullah's brother Salman bin Abdulaziz. And one of Salman's first acts was to reassure markets that the country's oil policy will remain in place.