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Tag "Saudi Aramco"

Saudi Aramco considering selling $50bn in shares

    Saudi Aramco considering selling $50bn in shares

Saudi Aramco is considering selling a 2.5% stake in the company worth $50 billion, the Wall Street Journal is reporting.  Mohammed Bin Salman, crown prince of Saudi Arabia, is said

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Aramco warns of ‘extremely low’ oil production capacity, says prices could spike soon

    Aramco warns of ‘extremely low’ oil production capacity, says prices could spike soon

Amin Nasser, chief executive officer, Saudi Arabian Oil Company (Aramco) has warned that oil prices could quickly spike again  as producing nations face “extremely low” spare capacity. Nesser, who said

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Saudi Aramco posts $87bn profit in six months on high oil prices 

    Saudi Aramco posts $87bn profit in six months on high oil prices 

Saudi Arabian Oil Company (Aramco) says its net income increased by 90 percent to $87.9 billion in the first half (H1) of 2022, compared to $47.2 billion in H1 2021. 

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Saudi Aramco’s profit jumps by 124% to $110 billion on higher oil prices

    Saudi Aramco’s profit jumps by 124% to $110 billion on higher oil prices

Saudi Arabian Oil Company (Aramco) says its net income increased by 124 percent to $110 billion in 2021, compared to $49.0 billion in 2020. The company said the increase reflects

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Drone attacks Saudi oil refinery in Riyadh

  Drone attacks Saudi oil refinery in Riyadh

A drone has attacked an oil refinery in Riyadh, Saudi Arabia’s capital, on Friday. According to the Saudi energy ministry,

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Saudi Arabia ‘to build’ refinery in Nigeria

  Saudi Arabia ‘to build’ refinery in Nigeria

Saudi Arabia has hinted on the possibility of building an independent refinery in Nigeria. Khalid Al-Falih, the kingdom’s minister of

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Saudi Aramco emerges world’s most profitable company in 2018

  Saudi Aramco emerges world’s most profitable company in 2018

Saudi Aramco, the state-owned oil firm of the Kingdom of Saudi Arabia, is the world’s most profitable company with a

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