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Aramco attack: Houthi claims and capabilities remain a contested spaceThe attacks on Saudi Arabia’s oil facilities a year ago, which hit Aramco oil plants in Abqaiq and Khurais and were claimed by the Houthis, resulted in a temporary reduction in production and caused..
Apple is now a $2 trillion companyIllustration by Alex Castro / The Verge Apple has become the first US company to hit a market cap of $2 trillion. It’s an arbitrary milestone but a significant one all the same, testimony to the..
Saudi Aramco Profits Dive 73% as Virus Batters Oil DemandEnergy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercuts global demand. The behemoth,..
Apple tops Saudi Aramco as world's most valuable companyApple Inc. became the world's most valuable company with its market value overtaking Saudi Aramco in the wake of better-than-expected earnings. Apple jumped 10% on Friday, ending the day with a record..
Saudi Aramco completes $69 billion SABIC stake deal, extends scheduleRIYADH/DUBAI: Saudi Aramco has completed its purchase of a 70 per cent stake in petrochemicals company Saudi Basic Industries for $69.1 billion and extended the payment period by three years to 2028,..
Saudi Arabia Raises Selling Price Of Its Oil, Biggest Hike In 20 YearsSaudi Arabia has made some of the biggest price increase for crude exports in at least two decades. The decision comes after OPEC (Organization of the Petroleum Exporting Countries) and its allies,..
Saudi Arabia to slash oil output in June by additional 1m barrels per daySaudi Arabia is to voluntarily cut its oil production in June by an extra one million barrels per day – on top of the reduction already committed to as part of the OPEC+ agreement signed last month...
Exclusive: Saudi Aramco seeking to review price of SABIC deal - sourcesSaudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC's value following a slump in oil prices in coronavirus..
Also reported by •Reuters
Oil price war: Is it game over for Trump?As the US government tries to convince Russia and Saudi Arabia to put an end to the oil price war, it might just be too little, too late for the Trump Administration. Saudi Arabia has already hired..
Saudi Aramco likely to sustain high April oil output through May -CEODUBAI — State oil giant Saudi Aramco said on Monday it was likely to sustain higher oil output planned for April through into May, and that it was “very comfortable” with a price of $30 a barrel...
Five dead in fire at Petronas-Aramco refining complex in MalaysiaA fire killed five people at a refining and petrochemicals complex in southern Malaysia owned by Petronas and Saudi Aramco, authorities said on Monday.
Saudi Aramco's 2019 profit down 21%, cuts spendingSaudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes.
Factbox: Aramco 2019 profit drops, a week after shares fell below IPOSaudi Arabia's state-run oil giant Saudi Aramco announced a drop in its 2019 profit of nearly 21% on Sunday, falling well below analysts' expectations just three months after selling shares to the..
Aramco to cut capital spending over coronavirus; 2019 profits plungeSaudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted a plunge in profit for last year, missing forecasts in its first earnings..
Saudi Aramco to cut capital spending in 2020, posts drop in 2019 profitSaudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, as it posted a 21% decline in 2019 net profit due to a drop in oil prices and production, its first..
Oil falls as Saudi Aramco aims to increase output capacityOil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia's plans to boost oil production capacity for the first time in more than a decade and weakened demand due to the spread..
Saudi Aramco to increase production to 12.3 million barrelDubai: Saudi Aramco announced on Tuesday that it will hike output to 12.3 million barrel a day in April. Tadawol have also suspend shares trading for Saudi Aramco on Tuesday at the request of the..
Aramco trades below IPO price for first time, after OPEC pact unravelsShares of Saudi state oil company Aramco fell below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after the OPEC oil supply cut pact with..
Saudi Aramco shares hit lowest since IPO, down over 2%Shares of Saudi Aramco hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in December following a record initial public offering, as oil prices plunged amid worries..
Saudi Aramco launches largest shale gas development outside USDammam: Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive..
Yemen's Houthis say recent attacks on Aramco, airports in response to air strikesYemen's Houthi military spokesman said on Friday the group had launched 26 rocket attacks in the past week against airports in southern Saudi Arabia, facilities belonging to oil giant Saudi Aramco and..
Yemen's Houthis say they fired at Aramco, other Saudi targetsYemen's Iran-aligned Houthi movement said on Wednesday it had fired rocket and drone strikes at Saudi targets including Aramco oil facilities, the group's first claim of such attacks since it offered..
Yemen's Huthis claim attack on Saudi oil facilities in JizanADEN - Yemen's Iran-backed Huthi movement said on Wednesday it had carried out operations targeting facilities belonging to Saudi Aramco in Jizan on the Red Sea. Huthi military spokesman Yahya Saria..
Also reported by •Reuters
Alphabet's soaring stock just pushed it above a $1 trillion market cap. Here are the 11 highest-valued public companies.Alphabet is the latest company to reach a $1 trillion valuation in public trading after closing at a record high Thursday.The record level adds a third tech company to the list of firms with four-comma..
As Aramco hails record IPO, Abu Dhabi's ADNOC whips up $19 billionThe talk's all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds - and its..
Saudi Aramco raises IPO to record $29.4 billion by over-allotment of sharesState-owned oil company Saudi Aramco said on Sunday it had exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record..
Also reported by •WorldNews
Aramco faces tough test less than a month after IPODuba: Saudi Aramco’s status as an oil-producing behemoth located in one of the world’s most turbulent regions always marked it as likely to suffer bouts of volatility. But few could have expected..
View: OPEC+ deal isn’t worth the paper it is written onThere was an elephant in the room during the recent OPEC+ meeting: The record-breaking initial public offering of Saudi Arabia’s mammoth oil company Saudi Aramco occurring at exactly the same time...
Aramco shares up 1.6% in third consecutive day of gainsSaudi Aramco shares gained for a third consecutive day on Sunday, rising 1.63% to 37.4 Saudi riyal ($9.97), pushing the company's value back toward the $2 trillion level it topped last week.
Aramco shares inch up in early Sunday tradeSaudi Aramco shares were up 1% at 37.2 riyals ($9.89) in early trade on Sunday.
Aramco indicative share price up slightly to 37 riyalsSaudi Aramco's shares went up slightly to 37 Saudi riyals ($9.87) in a pre-market auction on Sunday, Refinitiv data showed, putting the company's market value slightly below $2 trillion.
Saudi Aramco set to pay banks only $64 million for record IPORiyadh, Dubai: Saudi Aramco is poised to pay a combined $64 million to the banks that arranged the world’s largest initial public offering, a let-down for the Wall Street firms that pitched..
Saudis hail 'fortune-telling' prince for Aramco price predictionSaudis took to Twitter to celebrate Aramco's valuation hitting $2 trillion on Thursday, with one posting praising de-facto leader Crown Prince Mohammed bin Salman as a fortune teller.
Saudi Aramco hits Crown Prince's $2 trillion goal despite valuation doubtsSaudi Aramco hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the..
Saudi Aramco reaches $2 trillion value in second day of tradingRIYADH, Saudi Arabia — Shares in Saudi Aramco gained on the second day of trading Thursday, propelling the oil and gas company to a more than $2 trillion valuation, where it holds the title of the..
Saudi Aramco shares briefly hit $2 trillion before easingSaudi Aramco's shares opened up 10% in their second trading session on Thursday, briefly sending the state-owned oil company's market value above the $2 trillion target sought by Saudi leader Crown..
Saudi Aramco touches $2 trillion market value before paring gainsSaudi Aramco's shares jumped 10% at market open on Thursday to 38.7 riyals, implying a market value of $2 trillion, before dipping in early trade, Refinitiv data showed.
Big surge for Saudi Aramco shares after record IPORiyadh/Dubai: Saudi Aramco shares surged the maximum permitted 10 per cent above their IPO price on their Riyadh stock market debut on Wednesday. The shares closed at 35.2 riyals ($9.39) each, up from..
'Vindication' - Saudi Arabia hails 10% debut jump in Aramco sharesSaudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2..
Timeline: Saudi Aramco's winding road to an IPOSaudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought..
Saudi Aramco shares soar as it becomes world's largest listed companyOn its debut the oil producer’s stock market valuation reached $1.88tn in early trading Saudi Aramco became the world’s largest listed company on Wednesday as shares in the state-backed oil..