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The Latest Breaking News from Saudi Aramco

Cop28 host UAE has world’s biggest climate-busting oil plans, data indicates

State oil company’s huge expansion plans make its CEO’s role as president of UN climate summit ‘ridiculous’, say researchers

The Guardian - UK

Apple Stock Price Prediction for 2025: Will It Still Be the World’s Largest Company?

Apple has been the world's largest company, for the most part, since 2011. Can it hold on to the title by 2025? Here's the long-term price prediction for Apple stock, and the key drivers to watch.

Barchart

(Crypto) Empire State of Mind: Sam Bankman-Fried allegedly met with Bill Clinton and Kathy Hochul in NYC 2 months before FTX collapsed

Now, Bankman-Fried is back in the Big Apple—but for very different reasons.

Fortune

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The world’s third-biggest company just saw its profits plummet 38%—but it still paid shareholders $19.5 billion in dividends

The company said boosting dividends was part of a “sustainable and progressive” approach to investor payouts.

Fortune

Saudi Aramco’s quarterly profits drop nearly 40% but it still rakes in $30bn

Decline in crude oil prices and less refining income trims revenues inflated in 2022 by Russian invasion of Ukraine

The Guardian - UK

Saudi Arabia Boosts Oil Prices To Asia And Europe Amid Growing Market Demand And Supply Restrictions

As supply constraints and increasing demand tighten the global crude market, Saudi Arabia raises oil prices to Asia and Europe

Zenger

BlackRock Called Out For ‘ESG Facade’ After Naming Saudi Aramco Chief To Board

The move raised several eyebrows across corporate and social media circles.

Zenger

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Fortune's Global 500 is an exclusive club—Less than 1% of all people worldwide work for a firm on the list

There are no Global 500 companies from Africa and very few in Asia, other than in China and Japan.

Fortune

Does Tiger Woods, who reportedly turned down $800 million from the Saudis, have what it takes to stop the LIV Golf deal with the PGA?

Woods reportedly turned down up to $800 million from the Saudi organization prior to the deal's announcement.

Fortune

Saudi Aramco is the most profitable company in history

Walmart tops the Fortune Global 500 for the 10th year in a row, but Saudi Aramco is a close second.

Fortune

Fortune’s Global 500 is proof that even the biggest companies can be dethroned

Technological upheaval is a constant threat to corporate giants like No. 1 Walmart, No. 2 Saudi Aramco, and Google parent Alphabet.

Fortune

Saudi Arabia has the most profitable company in the history of the world, and $3.2 trillion to invest by 2030. Who will say no to that tidal wave of cash?

With its vast supply of oil money, the kingdom's flashy play for golf dominance is just the tip of the iceberg.

Fortune

France's TotalEnergies, Saudi Aramco sign contracts for $11 billion petrocomplex

Saudi Aramco and France's TotalEnergies on Saturday signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.

Radio France Internationale

UK firm given £430m green transition loan then expanded oil and gas business

Exclusive: Wood Group boosts fossil fuel business and shrinks renewables work after getting government-backed loan

The Guardian - UK

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The Guardian - AU

Austrade forum to promote links with oil giant Saudi Aramco condemned by activists

Environmental groups say the event in Perth to court the biggest polluting oil company of all time is ‘akin to a joint trade show with a tobacco major’

The Guardian - UK

Fossil fuel firms owe climate reparations of $209bn a year, says study

Groundbreaking analysis by One Earth is first to quantify economic burden caused by individual companies

The Guardian - UK

Saudi oil group Aramco to pay more to state despite profits drop

World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil prices

The Independent UK

Oil giant Saudi Aramco's 1st quarter profit down 20% to $31B

Oil giant Saudi Aramco has reported a first-quarter profit of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns

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The Hindu

Why are villagers in Konkan opposing the proposed multi-billion dollar Ratnagiri Refinery project in Maharashtra?

How the proposed refinery project is garnering protest due to concerns of environmental pollution and loss of livelihood

Asharq Al-Awsat

Why Saudi Arabia Transfered 4% of Aramco Shares to PIF Subsidiary?

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

The Independent UK

Saudi prince gives 4% Aramco stake to public investment firm

Saudi Arabia’s crown prince has announced the transfer of a 4% stake of the oil giant Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund

Asharq Al-Awsat

Saudi Crown Prince Announces Completion of 4% of Aramco Shares Transfer to Sanabil Investments

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister announced on Sunday the completion of the transfer of 4% of Saudi Aramco's total issued shares from the State's ownership to the Saudi Arabian Investment Company (Sanabil Investments), a wholly owned company of the Public Investment Fund…

Asharq Al-Awsat

Saudi Arabia to Supply Full Crude Contract Volumes to Asia

Several informed sources said that the giant Saudi Aramco plans to supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels per day, Reuters reported. This comes after the Organization of the Petroleum Exporting Countries (OPEC) and the…

Tribune News Service

Saudi Arabia hikes oil prices to Asia after OPEC+ shock cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise OPEC+ output cut.

Asharq Al-Awsat

Aramco JV HAPCO to Commence Construction of Major Refinery, Petrochemical Complex in China

Saudi Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China, Aramco said in a statement on Sunday. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco (30%), NORINCO Group (51%) and…

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