Aramco

Saudi oil giant Aramco announces USD 121 billion profit last year, down from 2022 record

Sun, Mar 10, 2024

“The decrease mainly reflects the impact of lower crude oil prices and lower volumes sold, and weakening refining and chemicals margins,” the company said in its filing. The energy giant had planned a conference call Monday to discuss its results. Aramco reported overall revenue of USD 440 billion last year, down from USD 535 billion in 2022.

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Aramco records Q2 profits of $30 billion, marking nearly 40% decline from last year

Tue, Aug 08, 2023

On Monday, Saudi Arabia's state-run oil giant, Aramco, announced a second-quarter profit of $30 billion, marking a nearly 40% decrease compared to the same period the previous year. The decline was attributed to lower oil prices.

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Aramco's Q2 profits dips 40% due to lower oil prices, plans for vision 2030 intact

Mon, Aug 07, 2023

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Aether Industries signs licensing agreement with Saudi Aramco Technologies

Fri, Jun 09, 2023

On Friday, specialty and fine chemical manufacturer Aether Industries said it signed a licence agreement with Saudi Aramco Technologies Company to commercialize the sustainable converge polyols technology.

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Infosys inks MoU with Aramco to leverage AI for creating digitally connected employee experiences

Mon, Apr 24, 2023

Indian IT services company Infosys on Monday said it has signed an MoU with Aramco, one of the world's leading integrated energy and chemicals companies, to collaborate on accelerating their human resource (HR) technology.

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Saudi prince gives 4% Aramco stake to public investment firm

Sun, Apr 16, 2023

Crown Prince Mohammed bin Salman's decision, announced by the state-run Saudi Press Agency, sends the stake to the Saudi Arabian Investment Co., known as Sanabil Investments. Sanabil is under the sovereign wealth fund known as the Public Investment Fund.

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Reliance Industries shares jump nearly 3 per cent on reports of Aramco in advanced talk to pick 20% stake in company

Mon, Aug 16, 2021

The shares of the company surged to Rs 2,202 per share, also a day’s high level, on the BSE intraday trade on Monday.

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Aramco signs $12.4 bn infra investment deal with EIG-led consortium

Sun, Apr 11, 2021

Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world's leading energy infrastructure investors, to optimise its assets through a lease-and-lease-back agreement involving its stabilised crude oil pipeline network.

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BPCL investment in Bharat Oman Refineries is a positive; Divestment possible by September, says Anil Singhvi

Mon, Apr 05, 2021

Anil Singhvi said that DIPAM Secretary has clearly stated that BPCL Divestment will happen anytime in the first half of FY22. Government is slowly making progress with the BPCL divestment. Singhvi said that the Non-core businesses of BPCL are being separated from the company as it has many such investments. Singhvi said that BPCL has investments in 2 or 3 Government companies; their stake will be sold going forward

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Saudi Arabia likely to invest $100 billion in India in infrastructure, agriculture, other areas

Sun, Sep 29, 2019

Saudi Arabia is likely to invest $100 billion in areas of petrochemicals, infrastructure and mining among others. The world’s biggest oil exporter has taken the decision considering country’s growth potential.

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Saudi Aramco hires UBS, Deutsche as bookrunners for its IPO: Sources

Sat, Sep 21, 2019

Aramco finalised nine banks for top roles as global coordinators in recent weeks, Reuters has reported. More banks are expected to be named in junior roles, the sources said. 

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Donald Trump says US 'locked and loaded' for potential response to Saudi oil attack

Mon, Sep 16, 2019

U.S. President Donald Trump said on Sunday that the United States was "locked and loaded" for a potential response to the attack on Saudi Arabia`s oil facilities, after a senior official in his administration said Iran was to blame.

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Saudi Aramco attack: Investigation of drone strike on oil facilities still on

Mon, Sep 16, 2019

Saudi Arabia authorities continued investigating the destructive drone attack by Yemeni Houthi rebels against two Aramco facilities earlier this weekend.

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Aramco''s $10 billion-plus bond plan shows profits put top earner Apple in shade

Mon, Apr 01, 2019

Saudi Aramco made core earnings of $224 billion last year, almost three times as much as Apple, figures from the state-owned company showed on Monday ahead of its debut international bond issue. 

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ONGC Petro stake buy: Aramco leads; Kuwait Petroleum too in race

Thu, Sep 20, 2018

The race for a strategic stake in ONGC Petro Additions Ltd (OpaL) is leading by Aramco, Saudi Arabia’s state-owned oil company.

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JPMorgan, Morgan Stanley picked to advise on Aramco's SABIC deal

Tue, Jul 24, 2018

Aramco confirmed a Reuters report that it was working on the possible purchase of a "strategic stake" in Saudi Basic Industries Corp (SABIC) from the Public Investment Fund (PIF), Saudi Arabia`s top sovereign wealth fund.

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Russia may back Aramco IPO, enhance OPEC ties

Tue, Jan 23, 2018

Sources told Reuters last year Chinese state oil companies were willing to become cornerstone investors in the Aramco IPO which could become the world`s biggest, valuing the firm at up to $2 trillion and raising more than $100 billion.

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Saudi Arabia changes Aramco status to joint-stock company: official bulletin

Fri, Jan 05, 2018

The sale of around 5 percent of Aramco, expected to go ahead in 2018, is a centrepiece of Vision 2030, a reform plan to reduce the dependence of the Saudi economy on oil. 

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India could invest in Aramco IPO to strengthen ties

Tue, May 23, 2017

"I`m expecting Aramco to be a supplier for a very long time... We discussed the idea with (Saudi energy) minister (Khalid al) Falih in Houston this year. They (Aramco) are interested in the joint venture," Pradhan said in an interview.

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Oil wars: How Kremlin's $13 billion Indian deal almost fell apart

Wed, Nov 16, 2016

Putin`s spokesman Dmitry Peskov denied there was any Kremlin intervention in the deal. 

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