The Latest Breaking News from Saudi Aramco

Oil giant Saudi Aramco is narrowing the gap with Apple Inc. for the title of the world’s most valuable company. Benefiting from oil prices hitting the highest since 2008, Aramco shares have jumped 15% in less than three weeks, giving it a market capitalization of over $2.3 trillion, Bloomberg reported.…

Saudi Arabian shares closed higher on Sunday, tracking a rise in oil prices as the Kingdom lifted all COVID-19 restrictions, and the conflict in Ukraine intensified. Saudi Arabia's benchmark index ended up on a 0.4 percent rise, the highest peak recorded in July 2006, buoyed by petrochemical and energy stocks,…

Saudi Aramco has discovered several new natural gas fields, the Saudi Press Agency reported on Sunday, citing Energy Minister Prince Abdulaziz bin Salman. The fields were found in the central area of the kingdom, in the Empty Quarter region, near northern border and in the eastern region, he said, according…

Saudi Aramco announced that an international investor consortium, led by affiliates of BlackRock and Hassana, acquired a 49 percent stake in Aramco Gas Pipelines Company, a subsidiary of Aramco, for $15.5 billion. The consortium comprises leading institutional investors, including, amongst others, Keppel Infrastructure Trust, Silk Road Fund, and China Merchants…

Shares in Saudi Aramco soared over 4 percent to an all-time closing high in Monday’s trading session on the Saudi stock exchange. Saudi Aramco rose 4.1 percent to a record closing high of 39.25 riyals ($10.4). Its market cap exceeded 7.8 trillion riyals ($2.1 trillion). Last week, Crown Prince Mohammed…

Oil giant Saudi Aramco is in talks with partners in China about further investments in the country, CEO Amin Nasser said on Monday. "China is an important part of Aramco's base," Nasser told reporters on the sidelines of a conference in Saudi Arabia. "And we are currently in discussions with…

Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4% of Saudi Aramco shares to the Public Investment Fund, Saudi Arabia's sovereign wealth fund, state news agency SPA reported on Sunday. The Crown Prince said the state remains the largest shareholder in Saudi Aramco after the transfer process,…

Saudi sukuk issuances increased by 37 percent during the past year on an annual basis, according to S&P Global Ratings. The announcement was made as the global credit rating agency, Moody’s, assigned the Public Investment Fund (PIF) with a first-time issuer rating of A1 and a scorecard indicated rating of…

Saudi Aramco has raised prices for all crude grades it sells to Asia in March from February, in line with market expectations. The world's top oil exporter increased its March price for its Arab Light crude grade for Asian customers by 60 cents a barrel versus February to a premium…

Saudi Arabia has restarted plans to list more shares of Aramco, according to people familiar with the company's strategy, with an ambition to sell as much as a $50 billion stake, which at current valuations would be 2.5% of the company.

Saudi Aramco has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP, Cognite said on Wednesday. The price for the stake was "around 1 billion Norwegian crowns," or about $113 million, an Aker BP spokesperson told Reuters, valuing Cognite at just over $1.5 billion.…