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Saudi expects 13 million bpd oil capacity by 2027: minister

Agence France-Presse
Posted at May 16 08:49 PM

Saudi Arabia expects to ramp up its daily oil production capacity by more than one million barrels to exceed 13 million barrels by early 2027. Read more »

Saudi Aramco says Q1 profits jump 82 pecent as oil prices surge

Haitham El-Tabei and Robbie Corey-Boulet, Agence France-Presse
Posted at May 16 08:21 AM

Saudi Aramco posted an 82-percent jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world's most valuable company. Read more »

Yemen rebels attack Jeddah oil facilities

Raphaëlle Peltier, Agence France-Presse
Posted at Mar 26 04:55 PM

A Yemeni rebel attack on a Saudi oil plant set off a huge fire near Jeddah's Formula One circuit during televised practice sessions on Friday, part of a wave of assaults on Aramco facilities. Read more »

Saudi Aramco reports profit surge on day sites hit by Yemen rebels

Haitham El-Tabei, Agence France-Presse
Posted at Mar 21 08:42 AM

Oil giant Saudi Aramco reported a 124 percent net profit surge for last year, hours after Yemeni rebels attacked its facilities causing a "temporary" drop in production. Read more »

$80 billion in Aramco shares moved to Saudi sovereign fund

Agence France-Presse
Posted at Feb 14 08:26 AM

Saudi Arabia has moved four percent of Aramco shares worth $80 billion in the world's biggest oil exporter to the kingdom's sovereign wealth fund, authorities said. Read more »

Saudi Aramco Q3 profits soar 158 percent

Agence France Presse
Posted at Oct 31 03:44 PM

Saudi Aramco's earnings rose 158 percent year-on-year in the third quarter on higher oil prices and volumes sold as the global economy recovered, it said on Sunday. Read more »

Saudi Aramco says Q1 profits jump 30 percent on higher oil prices

Agence France-Presse
Posted at May 04 04:12 PM

Energy giant Saudi Aramco said Tuesday its first quarter profits jumped 30 percent compared to the same period last year on the back of higher oil prices. Read more »

Major Chinese investors in talks to take Saudi Aramco stake -sources

Reuters
Posted at Apr 29 06:14 PM

Major Chinese investors are in talks to buy a stake in Saudi Aramco 2222.SE, several sources told Reuters on Wednesday, as Saudi Arabia's state oil firm prepares to sell another slice of its business to international investors. Read more »

Talks underway to sell 1 percent of Saudi Aramco to foreign firm: prince

Agence France-Presse
Posted at Apr 28 09:51 AM

Saudi Arabia is in talks to sell one percent of oil giant Aramco to a foreign energy firm, the kingdom's crown prince said in a television interview broadcast Tuesday. Read more »

Saudi Aramco to prioritize energy supply to China for 50 yrs, says CEO

Muyu Xu and Florence Tan, Reuters
Posted at Mar 22 09:01 AM

Saudi Arabia, the world's biggest oil exporter, retained its position as China's top supplier in the first two months this year, with volumes up 2.1 percent to 1.86 million barrels per day (bpd), China customs data showed on Saturday. Read more »

Saudi oil giant Aramco to scale back spending after 2020 profit slump

Hadeel Al Sayegh, Saeed Azhar and Yousef Saba, Reuters
Posted at Mar 22 08:59 AM

Saudi Arabian state oil giant Aramco is betting on an Asian-led rebound in energy demand this year after it reported a steep slide in net profit for 2020 on Sunday and scaled back its spending plans.   Read more »

Brent crude oil price surges above $70 a barrel

Agence France-Presse
Posted at Mar 08 04:27 PM

Brent crude oil surged more than two percent Monday following a missile attack on facilities owned by energy giant Aramco in Saudi Arabia, and on optimism about the demand outlook as the global economy recovers. Read more »

Saudi Aramco profits dive in coronavirus-hit third quarter

Anuj Chopra, Agence France-Presse
Posted at Nov 03 07:19 PM

Energy giant Saudi Aramco on Tuesday posted a 44.6 percent slump in third-quarter profit, as the coronavirus pandemic weighs heavily on the global demand for crude oil. Read more »

Saudi Aramco profits dive 73 percent as virus batters oil demand

Anuj Chopra with Omar Hassan in Dubai, Agence France-Presse
Posted at Aug 09 10:14 PM

Energy 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.  Read more »

Saudi to hike April crude supply to 12.3 million bpd -Aramco CEO

Reuters
Posted at Mar 10 05:54 PM

Saudi Aramco will raise its crude supply, which includes oil to its customers inside the kingdom and abroad, to 12.3 million barrels per day (bpd) in April, CEO Amin Nasser said on Tuesday. Read more »

Saudi Aramco hits crown prince's $2 trillion goal as shares soar

Anuj Chopra, Agence France-Presse
Posted at Dec 12 09:49 PM

Once one of the most secretive companies in the world, Aramco opened its accounts this year and announced that it posted $111 billion in net profit in 2018, making it the most profitable company in the world. Read more »

World stocks rise after Fed keeps rates on hold; oil falls

Herbert Lash, Reuters
Posted at Dec 12 08:35 AM

New projections showed 13 of the US central bank's 17 policymakers foresee no change in rates until at least 2021 as moderate economic growth and low unemployment are expected to continue through next year's presidential election. Read more »

Saudi Aramco shares rocket on debut after record IPO

Anuj Chopra, Agence France-Presse
Updated as of Dec 11 06:56 PM

Saudi Aramco's shares soared on their debut on the domestic stock exchange Wednesday, becoming the world's biggest listed company worth $1.88 trillion after a record-breaking IPO. Read more »

Saudi Aramco eclipses Alibaba for world's largest IPO

Agence France-Presse
Posted at Dec 06 12:38 PM

Saudi Arabia's state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6 billion, two sources told AFP.   Read more »

Saudi Aramco pursues war cover after attacks -sources

Carolyn Cohn, Stephen Kalin and Marwa Rashad, Reuters
Posted at Dec 05 02:22 AM

LONDON/RIYADH - Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.   Read more »