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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 »

US, France vie to bolster Gulf security after Saudi oil attack

Stephen Kalin and Ghaida Ghantous, Reuters
Posted at Nov 24 08:38 AM

XThe United States and France are boosting Saudi Arabia's radar systems following crippling drone and cruise missile attacks on Saudi oil infrastructure in September, which Washington blames on Iran.   Read more »

Aramco declares $1.71 trillion valuation in blockbuster IPO

Anuj Chopra, Agence France-Presse
Posted at Nov 18 08:21 AM

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion.  Read more »

Saudi Aramco prospectus flags risks, gives few details on IPO size

Reuters
Posted at Nov 10 08:35 AM

Saudi state oil giant Aramco will sell 0.5 percent of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday.   Read more »

Saudi Aramco kick-starts what could be world's biggest IPO, offers scant details

Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia, Reuters
Updated as of Nov 04 08:24 AM

Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil. Read more »

The ANC Brief: Self-restraint in the disputed waters

ABS-CBN News
Posted at Nov 04 04:00 AM

Trade and maritime issues dominate the ASEAN Summit in Thailand. Here are the big stories making the headlines on ANC today. Read more »

Saudi Arabia approves listing of energy giant Aramco

Agence France-Presse
Posted at Nov 03 04:08 PM

Saudi regulators on Sunday approved state energy giant Aramco's request to make its stock market debut, firing the starting gun on the highly anticipated offering which could be the world's largest. Read more »

Saudi Crown Prince approves announcement of Aramco IPO on Sunday, say sources

Reuters
Posted at Nov 02 07:22 PM

Saudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters. Read more »

Saudi Aramco aims to begin planned IPO on Nov. 3 -source

Hadeel Al Sayegh, Davide Barbuscia and Saeed Azhar, Reuters
Posted at Oct 29 10:16 PM

Aramco is looking to float a 1 to 2 percent stake on the kingdom’s Tadawul market, in what would be one of the largest ever public offerings, worth upwards of $20 billion. Read more »

Aramco hopes to repair remaining damage from attacks by end-Nov

Olesya Astakhova, Reuters
Posted at Oct 13 08:09 AM

Oil major Saudi Aramco hopes to fix by the end of November the last four key pieces of equipment damaged during attacks last month, in a move to allow it to fully regain production capacity, company officials said on Saturday. Read more »

Saudi Aramco hits out at lack of resolve over attacks

Agence France-Presse
Posted at Oct 10 12:59 AM

The head of Saudi Aramco hit out Wednesday at the lack of global resolve to stop attacks on more oil installations, one month after strikes on two of its facilities.   Read more »

THE DAY IN PHOTOS: September 23, 2019

ABS-CBN News
Posted at Sep 23 11:35 PM

Here are the day's big stories in photos. Read more »

Bracing for an increase

Mark Demayo, ABS-CBN News
Posted at Sep 23 09:24 PM

A jeepney driver reacts as he fuels up in Marikina on Monday a day before oil firms implement the highest price hike for the year so far. Read more »