Tag Archives: Saudi Aramco

Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce …

Following the recent China-brokered resumption of relationship deal between historical enemies Saudi Arabia and Iran, a deal for the Kingdom to develop two key projects in Iran’s close ally Iraq is in the offing. The problem with this idea is that it is dependent on two highly unpredictable elements. The …

Saudi oil giant Aramco is studying the feasibility of an additional stock offering in Riyadh, which could help the world’s biggest oil firm raise billions of U.S. dollars, Bloomberg reported on Tuesday, citing sources familiar with the plans. Aramco, which is also the world’s number-two company by market capitalization – …

Saudi Aramco said it will introduce performance-linked dividends that will be paid out in addition to its base dividend, which was $19.5 billion for the fourth quarter. The new payout will be “in the amount of 50%-70% of Saudi Aramco’s annual free cash flow, net of the base dividend and …

Saudi Aramco Base Oil Company, known as Luberef, posted net income of 446 million riyals ($118.92 million) for the first quarter, up from 303 million riyals a year earlier, it said in a statement. The company, which listed 30% of its shares in an IPO in December, reported revenue of …

Sinopec and TotalEnergies SE are among companies holding talks to invest in the Jafurah development in Saudi Arabia, according to people familiar with the matter, as the kingdom seeks to exploit one of the world’s largest untapped gas fields. The Chinese and French energy giants are in separate discussions with …

Saudi Arabian Oil Group, Saudi Aramco has emerged as the second largest company in the world after displacing Microsoft. After displacing Microsoft to become the second largest company in the world, it only has to displace Apple to become the largest company in the world. According to reports, Aramco’s current …

Saudi Aramco’s new refinery deal to buy a 10% stake in private Chinese chemical group Rongsheng Petrochemical includes agreements on crude oil storage in eastern China and the supply of plastics and petrochemicals to the Middle East energy giant. Saudi Aramco said on Monday it would buy the stake in …

Aramco, one of the world’s leading integrated energy and chemicals companies, has joined forces with Linde Engineering, a global leader in the production and processing of gases, to develop a new ammonia cracking technology. The collaboration between the two companies will see Linde Engineering and Aramco’s experience and capabilities being …

Saudi Aramco announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth quarter dividend of $19.5 billion, to be paid in the first quarter of 2023. The results were underpinned by stronger …