You Searched For "Saudi Aramco" and got 20 results
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2 mins read
Saudi Arabia to raise $12 billion by selling more shares in Saudi Aramco amid Neom struggles
The sale comes amid Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the king…
Polly Thompson
2 mins read
Russia could merge state-run oil companies to make the world's 2nd largest producer, report says
A deal to combine three of Russia's biggest oil firms would create the biggest producer in the worl…
Kelly Cloonan
3 mins read
Saudi Arabia spent years investing in global tech firms. Its domestic AI push hopes they'll return the favor.
The kingdom is looking to companies overseas to help it meet its AI ambitions at home after years o…
Hasan Chowdhury
1 min read
Oil giant Saudi Aramco points to lower crude prices as profits plunge 38% in the 2nd quarter
The state-run energy major reported about $30 billion in net profits last quarter, down sharply fro…
Phil Rosen
3 mins read
Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom
The Middle East kingdom is betting big on AI as it races against the clock to diversify its economy…
Hasan Chowdhury
1 min read
Saudi Arabia trims oil prices to Asia as booming US exports add competition
Saudi Arabia lowered prices on its flagship Arab Light crude for the first time since June, facing …
Aruni Soni
1 min read
Saudi Arabia is reportedly funding a Chinese startup that aims to take on OpenAI
A Saudi Arabian fund recently became the sole foreign investor in Zhipu AI, a Chinese startup that …
Beatrice Nolan
1 min read
Saudi Aramco profits soar 39% in the third quarter to $42 billion, fueled by higher global crude prices
Saudi Aramco posted a 39% jump in profit in the third quarter to $42.4 billion, thanks to rising oi…
Zahra Tayeb
1 min read
Saudi Aramco is reportedly considering an IPO for its trading unit as oil prices soar
Saudi Aramco's trading unit could be valued at more than $30 billion, sources told Bloomberg. The o…
Carla Mozée
2 mins read
Saudi Aramco profits soar 82% following oil price surge days after overtaking Apple as most valuable company
World's most valuable company says it is committed to ensuring affordable prices despite "increased…
Jyoti Mann
1 min read
Saudi Aramco says the world is totally misreading the oil market and too focused on 'short-term economics'
The world's biggest crude producer said the oil market is focused "on short-term economics rather t…
Brian Evans
1 min read
Saudi Aramco says the world is totally misreading the oil market and too focused on 'short-term economics'
The world's biggest crude producer said the oil market is focused "on short-term economics rather t…
Brian Evans
2 mins read
Saudi Aramco, the world's largest oil exporter, has cut prices from record highs for Asia - but not for the US
China's COVID-19 lockdowns and restrictions are offsetting gains in oil prices caused by fears of R…
Huileng Tan
2 mins read
Elon Musk says Tesla can surpass the combined value of Apple and Saudi Aramco, the world's 2 most valuable companies
Musk's claim comes after Tesla posted a bumper third-quarter profit. Tesla would have to grow by ab…
Huileng Tan
2 mins read
Saudi Aramco chief is 'seriously concerned' that a rebound of the global economy will kill off any spare oil capacity
An economic rebound could absorb what little spare oil is out there and deepen the world's energy c…
Jennifer Sor
1 min read
Saudi Aramco says its energy transition is not delivering and launches a $1.5 billion fund for a more 'realistic' plan
Saudi Aramco is investing $1.5 billion in a new energy transition plan as chief executive Amin Nass…
Brian Evans
3 mins read
Reliance Industries’ investors dump shares after Mukesh Ambani's Aramco deal fails after 27 months of negotiations
Meanwhile, shares of RIL have doubled between the announcement of the deal and its recent peak…
1 min read
Saudi Arabia is about to send more oil to China, even though it's slashed crude supply levels
The increased flows come despite Saudi Arabia bringing in a crude production cut in a bid to drive …