Saudi Aramco

The Latest

  • Saudi Aramco Eyes Record $50 Billion Share Sale Amid Slumping Diamond Demand
    Saudi Aramco
    A Historic Offering On Friday, September 1, sources familiar with the matter revealed that Saudi Arabia is contemplating a sale of up to $50 billion in shares of Saudi Aramco. If successful, this would set a record as the largest stock offering in global capital market history.
  • Saudi Arabia lowers oil prices for Asia after a violent drop in crude oil, with a smaller-than-expected decrease
    CUTBACKS
    Saudi Aramco has reduced the official selling prices for all regions in Asia for June. The company's main Arab light crude oil price is down to $2.55 per barrel above the regional benchmark, 25 cents lower than this month's price, and smaller than the market's expected 45 cent drop. As the energy market weakens, Saudi Arabia has lowered oil prices for Asia.
  • Energy Giants in Talks for $10 Billion Deal to Develop Saudi Arabia's Largest Unconventional Gas Field
    Saudi Aramco
    Saudi Aramco, Sinopec, and TotalEnergies are in negotiations to invest in Saudi Arabia's Jafurah development project.
  • Saudi Aramco's Second Quarter Profit Rises On Demand Recovery, Higher Prices
    HIGHER PRICES
    Aramco said the easing of pandemic curbs, immunizations and stimulus measures boosted results.
  • Saudi Aramco Mulls Foray Into Cryptocurrency Mining -- Reports
    GOING CRYPTO
    Oil producer Saudi Aramco is the third biggest company in the world.
  • Saudi Arabia Mulls Aramco Stake Sale Of A 1% Stake To Asian Investor
    Saudi Aramco
    Saudi Aramco is likely to sell its 1% stake to bolster its presence in its largest market, Asia.
  • Aramco Sees 2020 Profits Plummet To Almost $50 Billion Last Year
    BIGGEST
    Aramco said it would stick to its promise of paying quarterly dividends of $18.75 billion.
  • Yemen Houthi Rebels Attack Saudi Aramco Facility Near Jeddah
    ACCURATE
    A Saudi-led alliance has been fighting the Iran-aligned rebel organization since March 2015.
  • Aramco, SABIC Re-Examine $20 Billion Yanbu COTC Project
    CUTBACKS
    In June this year, Aramco announced it had finalized the share procurement of a 70% share in SABIC from the Public Investment Fund.
  • Apple Officially First U.S. Company To Hit $2 Trillion Market Valuation
    Apple
    Apple's market valuation surged past the $2 trillion mark after its stock price briefly surged to a new high on Wednesday.
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