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Saudi oil giant Aramco's net income drops 15.3% in 3Q24

- Decline linked to reduced crude oil prices and softer refining margins

12:29 Oil

Saudi Arabia announces major oil, gas discoveries

- Saudi Arabia ranks as world's largest crude oil exporter

02.07.2024 Natural Gas Oil

Aramco awards contracts worth over $25B for strategic gas expansion projects

Multi-billion dollar investment targets phase two development of Jafurah unconventional gas field, phase three expansion of Aramco's Master Gas System, new gas rigs and capacity maintenance

01.07.2024 Natural Gas Oil

Saudi oil giant Aramco and Sempra sign 20-year LNG supply deal

Deal covers sale and purchase agreement for offtake of 5 million tonnes per annum of LNG from Port Arthur LNG Phase 2 expansion project

26.06.2024 Lng/Lpg

Saudi Arabia to hold approximately $12B share sale of oil giant Aramco

Saudi oil major to sell 1.545 billion shares at a price between 26.70 and 29 Saudi riyals per share

31.05.2024 Oil Finance

Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24

-Company's revenue for January–March period reaches around $107.2 billion, compared to $111.3 billion for same quarter last year

07.05.2024 Oil Finance

Saudi oil giant Aramco to buy 10% stake in Chinese company Hengli Petrochemical

Aramco continues to ‘explore new opportunities in important markets, as we seek to progress in our liquids-to-chemicals strategy,’ says oil giant’s downstream president

22.04.2024 General

Aramco announces major expansion at Fadhili gas plant

- New project is expected to enlarge plant’s processing capacity from 2.5 standard cubic feet per day to 4 billion standard cubic feet per day, says oil major

02.04.2024 Natural Gas Oil

Head of Saudi oil giant Aramco calls for energy 'transition strategy re-set'

"We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions," says Aramco CEO

19.03.2024 Oil

Saudi oil giant Aramco reports $121.3B net income in 2023

Despite roughly 25% decline, this was 2nd-highest-ever net income, says oil major

10.03.2024 Oil

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Aramco signs 40 procurement deals worth $6 billion

National oil company Aramco aims to strengthen domestic supply chain, and contribute to development of energy services sector in Saudi Arabia

27.02.2024 General

Saudi Arabia cuts production to propel prices, revealing strategy over supply

- Saudi Arabia has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports

02.02.2024 Oil Finance Energy Diplomacy