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The potential sales coincide with Crown Prince Mohammed bin Salman's efforts to diversify the Saudi economy from oil.
Asset manager BlackRock Inc is in talks with Saudi Aramco to divest its stake in the leasing rights of a natural gas pipeline ...
Saudi Aramco: 2024 TIME100 Most Influential CompaniesBig Oil often suggests ExxonMobil or Chevron. But Saudi Arabia’s $1.9-trillion giant dwarfs all its competitors, pumping nearly 1 in every 11 ...
DUBAI, United Arab Emirates (AP) — Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15% from last year as low oil prices ate into its revenues.
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices ...
Aramco said it has been ordered by the Saudi government to keep its oil production capacity at 12 million barrels a day.
Saudi Aramco, long known for stable payouts, slashed its dividend by 30%, signaling financial strain and shifting priorities. Since its 2019 IPO, Aramco has significantly underperformed both ...
Saudi Aramco is investing heavily in natural gas production, seeing it as a future growth market despite calls for a global shift to renewable energy.
Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the year earlier, the latest international firm to benefit from high energy prices.
Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.
Saudi Arabia plans to raise at least $10 billion in a fresh Aramco stock sale. (Simon Dawson/Bloomberg News) Saudi Arabia’s plan to sell at least $10 billion worth of Aramco shares will provide ...
If something cannot go on forever, it will stop. Saudi Aramco, the world’s largest oil company, isn’t an exception — despite its $1.5 trillion-plus market value.
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