The Latest Breaking News from Aramco

Energy secretary flown around Saudi Arabia by oil firm 'shows UK's hypocrisy'

Kwarteng was flown to various cities in the Saudi kingdom by majority state-owned oil firm Aramco

The National (Scotland) · Jul 19, 2022

Greg Norman sees a women’s LIV Golf league in the future. But how many would jump?

"The opportunity is there," Greg Norman said about starting a women's LIV Golf league. But how many on the LPGA would jump to a potential new league?

USA Today Sports Media Group · Jul 13, 2022

Timeline: U.S.-Saudi ties through good times and bad

U.S. President Joe Biden visits Saudi Arabia at a rocky time in relations, which have been tested by the killing of Washington Post journalist Jamal Khashoggi and the Yemen war.

Reuters · Jul 12, 2022

Google to Open Two New HQs in Saudi Arabia

American multinational technology company Google is preparing for launching two new headquarter offices in the Kingdom of Saudi Arabia. The planned offices will open in the cities of Riyadh and al-Dammam. Google also is building a data partnership with Saudi oil giant, Aramco. Google drove about SR12.2 billion ($3.25 billion)…

Asharq Al-Awsat · May 25, 2022

Aramco CEO Warns of Global Oil Crunch Due to Lack of Investment

The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised. Amin Nasser, head of the world's largest oil…

Asharq Al-Awsat · May 23, 2022

Aramco-style dividend is what LIC investors seek post flop debut

NEW DELHI: Disappointed by a 7.8% plunge that made for the world’s second-worst trading debut among large IPOs this year, shareholders of state-run Life Insurance Corporation (LIC) of India will be counting on a bumper dividend if government wants them to stay put.

The Times of India · May 18, 2022

Saudi oil giant Aramco reports 82% rise in quarterly profits

Investors to get $4bn in bonus shares after record earnings of $39.5bn on higher demand and crude prices

The Guardian - UK · May 15, 2022

Saudi oil giant Aramco's first-quarter profits surge 80%

Oil giant Saudi Aramco says its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices following Russia’s invasion of Ukraine

The Independent UK · May 15, 2022

Saudi Aramco's First-quarter Profits Surge 80%

Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year. The state-backed company’s first-quarter earnings show a record net income of $39.5 billion, up from $21.7 billion during the same period last year. Already, resurgent economic activity and the relaxation…

Asharq Al-Awsat · May 15, 2022

Saudi Aramco, Thailand’s PTT Sign MoU to Deepen Energy Cooperation

Saudi Aramco and Thailand’s PTT have signed a memorandum of understanding (MoU) to deepen energy cooperation in Thailand. The MoU targets the supply and trading of crude oil, petrochemicals, and liquified natural gas (LNG). It focuses on clean energy, carbon capture, and electric vehicles, and outlined potential collaboration across both…

Asharq Al-Awsat · May 13, 2022