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Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before amid worries about a slowing global economy. Aramco, formally known as the Saudi Arabian Oil ...
Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices. In an ...
Saudi Aramco, formally known as the Saudi Arabian Oil Co., acknowledged the stock sale in a corporate disclosure online. It put the number of shares being offered at 1.545 billion, priced at ...
This order adds to Baker Hughes’ long-standing partnership with Aramco, which includes the supply of compression solutions for the Haradh and Hawiyah gas plants, first phase of the Jafurah gas plant and gas compression facilities, and more recently, equipment for the third phase of Saudi Arabia’s Master Gas System project.
Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.
On 25 March, the North Jeddah Bulk Plant owned by Saudi Aramco on the outskirts of Jeddah was attacked by drones and missiles, triggering a large fire. Yemen's Houthi rebels claimed responsibility for the attack. [1] This attack is considered a turning point in the civil war which led to the Saudi coalition agreeing to a ceasefire with the Houthis.
Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company's second highest ever ...
The state-owned Saudi Aramco had been in the initial stages of planning its initial public offering (IPO) of about 5% of the company ownership of the estimated US$1.5–2 trillion valuation of the company over the next few years. This IPO was originally to have started in 2018 but there were concerns about its finances and corporate structure.