Page 4 - Saudi Aramco

Saudi Aramco weighs IPO of trading unit amid oil boom, says report

The trading unit could fetch a valuation of tens of billions of dollars, the people said, with two of them saying it could be potentially worth more than $30 billion.

Saudi Aramco profit soars 82% on high oil prices in first quarter

State-controlled Aramco made net income of $39.5 billion, up 82 per cent from a year earlier, when global energy demand was still severely suppressed by the coronavirus pandemic

Aramco's profits surge 80% in Q1 as company cashes in on global volatility

Saudi Aramco's profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices

Saudi Aramco becomes world's most valuable stock as Apple shares drop

Aramco traded near its highest level on record on Wednesday, with a market capitalisation of about $2.43 trillion

Saudis cut oil prices from record highs amid Covid-19 lockdowns in China

Saudi Aramco is lowering prices for the first time in four months

Private sector lender HDFC Bank hopeful of Aramco-like MSCI inclusion

In an investor presentation, the bank has made a case for inclusion in the MSCI and FTSE indices

Hyundai, Saudi Aramco to jointly develop eco-friendly vehicle engine

Carbon neutrality can be achieved by either balancing carbon emissions with carbon removal or by cutting carbon emissions entirely

West Coast refinery could get a new home as demand for such plants revives

Renewed interest in adding refinery capacity in India owes to the long-term decline of the business in Europe; and in the short-run, the Ukraine war has been a key driver

Aramco unit attack in Saudi Arabia's Jeddah may raise crude, LPG prices

Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre

Houthi Attack: F1 drivers discuss safety concerns ahead of Saudi Arabia GP

Many drivers expressed their concerns about racing in the region and Saudi Arabia's human rights records when F1 ran its inaugural event at the circuit last December

Saudi Aramco petroleum storage site hit by Houthi attack, fire erupts

The Iran-aligned Houthis have escalated attacks on the kingdom's oil facilities in recent weeks and ahead of a temporary truce for the Muslim holy month of Ramadan

F1 continues racing despite nearby fire following attack on oil depot

Race promoter Saudi Motorsport Company said nothing will change with regards to the third practice and qualifying scheduled on Saturday and the race on Sunday

Oil rises to over $120/bbl after Houthi attack on Saudi facilities

Saudi Arabia said it will not hold responsibility for any shortage of oil supplies in global markets caused by Houthi attacks on its oil facilities

Oil prices rebound after reports of fire at Saudi Aramco facility

A huge plume of black smoke was seen rising in Jeddah where oil giant Aramco has several oil facilities, witnesses said on Friday

Saudi Arabia's Aramco hikes oil financing as net profit doubles in 2021

Aramco said it would boost its capital expenditure (capex) to $40-50 billion this year, with further growth expected until around the middle of the decade

Saudi Aramco 2021 profit soars on oil price hike, plans capex boost in 2022

Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher oil prices, and announced plans to sharply lift capital expenditure in 2022

Adani Group exploring partnerships with Saudi Aramco: Report

The group, led by Gautam Adani, has reportedly held preliminary talks on a range of potential cooperation and joint investment opportunities with Saudi Aramco and the country's Public Investment Fund

Apple may be challenged by Aramco as world's most valuable firm

Though Aramco is still more than 10% away from reclaiming the top spot, the continued surge in energy prices as countries impose sanctions on Russia's oil has raised the possibility

Saudi Arabia moves $80 billion Aramco stake to wealth fund

4% shares of the firm transferred

Saudi Arabia transfers 4% of oil giant Aramco to investment fund

The announcement on state media comes as the oil firm is valued just under $2 trillion.