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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
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
2 mins read
Saudi Aramco, the world's largest oil company, announces record profit of over $161 billion for 2022
The Saudi Arabian Oil Company, commonly referred to as Saudi Aramco, posted a record profit of $161…
Aaron McDade
1 min read
Saudi oil giant Aramco's net income rose by 124% in 2021
The Saudi Aramco announced that its net income in 2021 rose by 124 per cent, reaching $110 billion.…
3 mins read
Business Secretary Kwasi Kwarteng travelled around Saudi Arabia on flights paid by energy giant Aramco
Kwasi Kwarteng was flown around Saudi Arabia in January 2022 by majority state-owned energy firm Ar…
Henry Dyer
2 mins read
Reliance's $15 billion deal with Saudi Aramco has been called off
Consequently, the current application with the NCLT (National Company Law Tribunal) for segregat…
1 min read
The global energy crisis will get worse if aviation and China put more pressure on an already under-invested sector, Aramco CEO says
"If the aviation industry picks up speed, you are going to have a major problem," Saudi Aramco CEO …
Brian Evans
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
Oil giant Saudi Aramco is now the world's most valuable company, bumping Apple from the top spot
Apple's market cap fell to $2.37 trillion after its share price tanked 5.2% on Wednesday. Saudi Ara…
Huileng Tan
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
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…
3 mins read
Even Saudi Aramco has a lot to gain from an investment from Gautam Adani
Now, the word has it that the Adani Group has jumped into the bandwagon and is now looking to buy a…
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
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
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
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…