Aramco seeks investment outside S. Arabia - Breaking The News

Aramco seeks investment outside S. Arabia

29 April

1 min read

EPA-EFE/ALI HAIDER

Saudi Arabian Oil Company (Saudi Aramco) President & Chief Executive Officer (CEO) Amin H. Nasser advanced on Monday that the giant oil company is currently seeking investments that come from partners outside of the Middle Eastern country.

Speaking at the World Economic Forum, Nasser detailed that those funds are expected to be directed at the "new energies" sector of the firm amid current negotiations that are already taking place "with a lot of partners on the global terms of investment in different parts of the world."

saudi aramco aramco

Related Stocks

Saudi Aramco

Aramco's 2024 net income down 12% to $106.2B

4 March

Saudi Arabian Oil Company (Saudi Aramco) revealed on Tuesday that its net income in the full fiscal year 2024 stood at $106.2 billion, declining 12% from the same timeframe in 2023. Meanwhile, total revenue for the year that ended December 31, 2024, came in at $436.6 billion, down around 1% on an annual basis, and earnings per share were at $0.43, falling some 14%.The company's Board declared a base dividend of $21.1 billion for the fourth quarter of...

Saudi Aramco eyes lithium in push to diversify beyond oil

15 January

Saudi Aramco, the world's largest oil company, is ramping up investments in lithium production as part of Saudi Arabia's push to diversify its economy beyond oil, according to the Financial Times. The kingdom reportedly plans to establish lithium processing facilities within five years, focusing on refining and exporting the metal vital for electric vehicle (EV) batteries. Alongside this, Saudi Arabia is building an EV manufacturing hub in King Abdullah Economic City....

Aramco's Q3 net income drops 15.3% to $27.6 billion

5 November

Saudi Arabian Oil Co. announced on Tuesday its net income in the third quarter of fiscal 2024 dipped 15.3% compared to the same period a year earlier, to land at $27.6 billion.Free cash flow jumped from $31.4 billion, reported in the third trimester of 2023, to $35.2 billion. In the three months ending September 30, capital expenditures stood at $13.2 billion, up from $11 billion observed in the same timeframe a year prior."Aramco delivered robust net income and...

Earnings preview: Palantir, Aramco and more in action-packed week

4 November

The upcoming week will be packed with key financial insights, starting off strong with Palantir Technologies Inc. posting its Q3 results on Monday, followed up with another key report from Saudi Arabian Oil Company (Saudi Aramco) on Tuesday. Analysts, on average, expect Palantir's revenue to grow 26.1% year on year to $703.7 million, improving from the 16.8% increase recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.