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%...
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...
Amin Nasser, the CEO of Saudi Arabian Oil Group, also known as Aramco, shared on Monday that he is "fairly bullish" on the oil demand from China after the country's latest economic stimulus measures. Speaking at the Singapore International Energy Week conference, Nasser mentioned that the...
Saudi Arabian Oil Company (Saudi Aramco) is currently considering acquiring a minority stake in Madrid-based energy conglomerate Repsol SA's renewable unit, Spanish newspaper Expansion reported on Friday, citing several market sources.
The report states that Saudi Aramco has reached...
Saudi Aramco announced on Friday that it signed Memoranda of Understanding (MoUs) with several American companies amid United States Energy Secretary Jennifer Granholm's visit to Saudi Arabia.The oil giant signed MoUs with companies including Aeroseal, Spiritus and Rondo. With Aeroseal,...
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...
Saudi Arabia's oil giant Saudi Aramco shared on Monday that it has begun talks to acquire a 10% stake in Hengli Petrochemical, a Chinese company active in oil refining, petrochemicals, polyesters and textiles.
"This MoU supports our efforts to grow our global downstream footprint. We continue to...
Saudi Arabian Crown Prince Mohammed bin Salman announced Thursday "the completion of the transfer of 8% of Saudi Aramco's total issued shares from the State's ownership" to companies fully owned by the Public Investment Fund (PIF), amounting to approximately $160 billion in...
The Saudi Arabian Oil Group, also known as Aramco, announced on Tuesday that the Kingdom's Energy Ministry ordered it to keep its maximum sustainable capacity (MSC) at 12 million barrels per day (bpd) and not raise it as planned to 13 million bpd.
"It is to be noted that MSC is determined by...
Saudi Arabia's oil giant Saudi Aramco revealed on Wednesday its plan to inject an extra $4 billion into its global venture capital arm, Aramco Ventures, to foster the growth of innovative technologies, expand opportunities, and establish partnerships with start-ups.
This move aligns with Aramco's...
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