Saudi Aramco

Aramco has a market value of $1.74 trillion, making it the world's sixth-most valuable company behind Apple, Microsoft, NVIDIA, Amazon and Alphabet, which owns Google

State-backed Aramco has already been investing in AI through units such as Aramco Digital, with a focus on its main energy business

Oil demand this year will approach 106 million barrels per day after averaging about 104.6 million barrels per day in 2024, he said

The capacity in the Kingdom of Saudi Arabia will be estabilised at the ongoing Aramco IKTVA Forum & Exhibition 2025. The production capacity of this plant will be 350,000 MT/Annum

The world's top oil exporter Saudi Aramco announced its first crude oil price hike in three months

Aramco's shares are down about 17 per cent this year, trailing the performance of Western oil majors Exxon and Shell, but broadly in line with BP, which is down 18 per cent

Former U.S. national team captain Becky Sauerbrunn and Netherlands forward Vivianne Miedema are among more than 100 women's soccer players who have signed an open letter protesting FIFA's sponsorship deal with Saudi Arabian state oil giant Aramco. The letter calls the deal, which includes sponsorship at the 2027 Women's World Cup in Brazil, "much worse than an own goal," citing Saudi Arabia's record on the rights of women and LGBTQ+ people and the impact of Aramco's oil and gas production on climate change. Sauerbrunn voiced concern for women who are imprisoned in Saudi Arabia. The safety of those women, the rights of women, LGBTQ+ rights and the health of the planet need to take a much bigger priority over FIFA making more money, Sauerbrunn said in comments via campaign group Athletes Of The World. The letter calls on FIFA to replace Aramco with alternative sponsors whose values align with gender equality, human rights and the safe future of our planet, and to give players a voice

The world's top oil exporter raised $6 billion from a three-tranche bond sale in July

Saudi oil giant Aramco reported half-year profits Tuesday of USD 56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy. Aramco, formally known as the Saudi Arabian Oil Co., said its overall revenue for the half-year was USD 220.7 billion, up from USD 218.6 billion the year before. Profits in 2023 were USD 61.9 billion, nearly USD 5 billion higher. The decrease was primarily a result of lower crude oil volumes sold, weakening refining margins and lower finance and other income, Aramco said in a filing on Riyadh's Tadawul stock exchange. This was partially offset by higher crude oil prices and lower production royalties compared to the same period last year and lower income taxes and zakat, or Islamic charitable contributions. Saudi Arabia, a leader in the OPEC cartel, has allied with Russia and others outside of the group to try to keep production down to boost global oil prices. Benchmark Brent crude traded around USD 77 a barrel

Financial details of the transaction for Blue Hydrogen Industrial Gases Company (BHIG) were not disclosed, but Aramco said the deal includes options for it to buy hydrogen and nitrogen

Aramco's shares have risen 3.3 percent since the offering last month

The Saudi government and its various units have been borrowing vast amounts this year, topping China as the biggest issuer of international debt among emerging markets

Firm clarifies it is part of existing order book, not new

Saudi Arabia is working on developing its unconventional gas reserves, which require advanced extraction methods such as those used in the shale gas industry

Reliance Industries' shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years but over 16 per cent voted against the proposal. In a stock exchange filing, Reliance said its shareholders through a postal ballot approved the reappointment of Al Rumayyan as well as appointment of Haigreve Khaitan as independent directors on the board. They also approved reappointment of long-time company executive P M S Prasad as a director for another 5 years. The resolution for reappointment of Al Rumayyan was carried with 83.97 per cent voting in favour of the resolution. As many as 16.02 per cent voted against it , the filing showed. Al-Rumayyan, who also heads Saudi Arabia's Public Investment Fund - among the largest sovereign wealth funds in the world, was first appointed on Reliance board in 2021 for a three-year term. His first term ends on July 18, 2024. And now he has been reappointed till

The state-run oil marketing company will invest around Rs 50,000 crore in the project and is currently assessing locations in three states - Andhra Pradesh, Uttar Pradesh, and Gujarat

International demand for the secondary share sale was greater than for Aramco's IPO in 2019, sources had previously told Reuters

Aramco's book was covered four to five times near the bottom of the price range of 26.7 to 29 riyals

During Aramco's 2019 initial public offering, overseas investors had largely balked at valuation expectations and left the government reliant on local buyers

The offering will be a gauge of Riyadh's appeal to foreign investors, a key plank of the kingdom's plan to overhaul its economy. Foreign direct investment has repeatedly missed its targets