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The Latest Breaking News from Aramco

Saudi Aramco to pay record dividends despite dip in profits

World’s biggest oil company will pay shareholders, including Saudi state, quarterly dividend of $31bn

The Guardian - UK

Saudi Aramco Q2 Profit Dips 3% As Output Stays Low

Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued.

International Business Times

Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

The Independent UK

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Ex-Mercedes F1 engine boss Cowell replaces Whitmarsh as Aston Martin CEO

Former Mercedes Formula 1 engine chief Andy Cowell will replace ex-McLaren team boss Martin Whitmarsh as Aston Martin’s group CEO from 1 October, the team announced on Tuesday.

Motorsport

Ex-Mercedes F1 engine boss Cowell replaces Whitmarsh as Aston CEO

Former Mercedes Formula 1 engine chief Andy Cowell will replace ex-McLaren team boss Martin Whitmarsh as Aston Martin’s group CEO from 1 October, the team announced on Tuesday.

Autosport

Saudi Aramco's AI push: Why the world's biggest oil company is spending big on GenAI

The world's biggest oil and gas company is sinking its profits into LLMs to make drilling more efficient—and to prepare itself for a future after peak oil.

Fortune

Aston Martin battling distorted expectations after 2023 charge

Aston Martin team boss Mike Krack says overdelivering in the 2023 Formula 1 season means it is now battling inflated expectations.

Motorsport

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Aramco Team Series presented by PIF - London: Get Your Tickets To See Defending Champion Nelly Korda Star In Strong Field

Some of the world's best players will be competing in the innovative Aramco Team Series presented by PIF at the Centurion Club from Wednesday 3rd July to Friday 5th July 2024

Golf Monthly

As Investment Drive Falters, Saudi Milks Aramco 'Cash Cow'

A fresh offering of shares in Saudi Aramco, the Gulf kingdom's largely state-owned oil behemoth, comes at a pivotal moment for sweeping economic reforms that have struggled to lure foreign investment.

International Business Times

Oil giant Saudi Aramco offers a second stock tranche worth billions of dollars

Saudi Arabia says it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019

The Independent UK

Oil Giant Aramco To Offer Shares Worth Over $10 Bn On Saudi Bourse

Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion in one of the biggest such offerings in recent years.

International Business Times

Saudi Aramco says it can reach 'net zero' without producing less oil. Can it really thread that needle?

Inside the tricky balancing act at Saudi Aramco, the world's most profitable company and biggest oil producer.

Fortune

Schlumberger Stock Outlook: Is Wall Street Bullish or Bearish?

Although Schlumberger has underperformed the broader market YTD, Wall Street analysts are optimistic about the stock’s rebound potential.

Barchart

TV Times: How to Watch Wells Fargo Championship, Nelly Korda Chasing Sixth Straight LPGA Win

Here is how to watch the PGA Tour, LPGA Tour, LIV Golf, DP World Tour, Korn Ferry Tour and PGA Tour Champions every week.

Sports Illustrated

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International Business Times

Saudi Aramco Says Q1 Profit Down 14.5 Percent

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place.

Autosport

Alonso: Reuniting with Honda in F1 2026 "motivating"

On Thursday Alonso and Aston Martin announced the Spaniard would stay with the team until at least 2026, when Honda joins the Silverstone team as its works power unit partner.

Top News

Saudi Arabia Transfers 8% Of Aramco To PIF Portfolio

Saudi Arabia transfers 8% of Saudi Aramco to PIF, signaling economic diversification and growth strategy.

USA Today Sports Media Group

Lexi Thompson, Brittany Lincicome and Megan Khang headline upcoming Aramco Team Series event in Florida

Plenty of big names will be in the field.

USA Today Sports Media Group

Patty Tavatanakit wins first title in three years at 2024 Aramco Saudi Ladies International

Tavatanakit routed the field at Riyadh Golf Club, winning by seven shots.

Golf Monthly

Charley Hull Overcomes Hotel Room Flood To Pile Pressure On Patty Tavatanakit In $5 Million LET Event

Patty Tavatanakit leads the Aramco Saudi Ladies International by a comfortable margin heading into the final round, but a sleep-deprived Charley Hull is hot on her heels after a great Saturday

USA Today Sports Media Group

Patty Tavatanakit halfway to first win in more than three years at 2024 Aramco Saudi Ladies International

The PIF-backed event has a purse of $5 million, which the same as the men's Saudi International.

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