Aramco

Aramco tapped debt investors earlier this year when it sold $6 billion of dollar-denominated bonds in June, followed by about $3 billion of Islamic dollar notes in September.

Aramco sale set to raise at least $11.2 billion for Saudi Arabia

The government is expected to sell almost 1.55 billion shares for 27.25 Saudi riyals ($7.27) apiece, people familiar with the matter said, asking not to be identified because the information wasn’t public yet. That’s a 6% discount to the stock’s last close before the deal was announced of 29 riyals.

Welspun Corp associate company signs Rs 3,670 crore contracts with Aramco for steel pipe supply

The duration of the contracts is 19 months, and the financial impact of the contracts will be reflected from the fourth quarter of the financial year 2024-25 to the last quarter of the financial year 2025-26, Welspun Corp said in an exchange filing.

Saudi Arabia to sell Aramco shares, raising $12 billion for economic diversification

This move mirrors Saudi Arabia's plan to boost its economy by diversifying its revenue sources and funding important projects.

ADNOC, Aramco considering bids for Shell's South Africa assets: Report

South Africa's Sasol Ltd is also considering an offer for the business, which could be valued at more than $800 million, the Bloomberg report said.

Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record

Saudi oil giant Aramco disclosed a profit of USD 121 billion for the year 2023, marking a decline from its record-breaking performance in 2022, attributed to reduced energy prices.

Saudi Arabia doubles sovereign fund's stake in Aramco

The stake is worth roughly $163.6 billion, according to Aramco's market capitalisation, LSEG data shows.

Saudi Arabia's crown prince transfers another 8% of Aramco shares to sovereign wealth fund

Crown Prince Mohammed bin Salman's decision comes as the kingdom is trying to build a series of megaprojects and invest in sports and other fields aggressively abroad to wean the country off of relying solely on oil.

Kalpataru Projects gains 3% after bagging order from Saudi Arabia's Aramco

Kalpataru Projects will carry out engineering, procurement, and construction work for the third phase of the Master Gas System Network in Saudi Arabia

L&T, Kalpataru become lowest bidders for Aramco's $10-bn Master Gas System Project

The MGS-3 project, valued at $10 billion, aims to expand the gas processing capacity of the world's largest oil exporter.

Saudi Arabia lines up Goldman, Citi for Aramco share sale

The world’s biggest oil exporter is also in talks with other banks as it pulls together a roster of advisers for the offer that may come in the next few weeks, the people said, asking not to be identified because the information is private.

Saudi Arabia lines up Goldman, Citi for Aramco share sale

The world’s biggest oil exporter is also in talks with other banks as it pulls together a roster of advisers for the offer that may come in the next few weeks, the people said, asking not to be identified because the information is private.

Saudi Aramco's $2 trillion valuation is an illusion

Too few shares trade for typical price discovery metrics to apply to the oil giant

Saudi prince gives 4% Aramco stake to public investment firm

Crown Prince Mohammed bin Salman's decision, announced by the state-run Saudi Press Agency, sends the stake to the Saudi Arabian Investment Co., known as Sanabil Investments. Sanabil is under the sovereign wealth fund known as the Public Investment Fund.

Renault, Geely ink pact with Aramco for engine venture

Geely and Renault are expected to retain equal equity stakes in the new independent entity, the statement said, adding that the new company will be dedicated to internal combustion and hybrid powertrain technologies.

Saudi Aramco doesn’t believe its own rhetoric on oil demand

The petro giant protests too much. Rather than blaming environmentalists and ESG policies, it should open its checkbook and lift production if the future really is that bright.

Hong Kong targets prized Aramco listing with Xi’s Jinping backing

Aramco has a market capitalization of about $1.9 trillion, more than four times that of Tencent Holdings Ltd., the most valuable stock on the Hong Kong exchange.

Renault, Geely look to bring Aramco into engine venture

The Saudi oil producer has been involved in advanced discussions to take a stake of up to 20% in a previously announced but still-unnamed Geely-Renault powertrain technology company that the automakers are working to establish, the three people told Reuters.

Aramco-style dividend is what LIC investors seek post flop debut

The 65-year-old insurer, a household name in the country known as LIC, raised $2.7 billion last week in the country’s biggest initial public offering.

West coast refinery project: UN advisor questions India's commitment to climate goals

The remarks came amid a revival in discussions about the west coast refinery project, touted as the world's largest such complex, which is to be built by state-run refiners in association with Saudi Arabian oil major Aramco.

Oil prices up, rebound after Aramco oil facility attacked

A huge plume of black smoke was seen rising in Jeddah where oil giant Aramco has several oil facilities, witnesses said.

Saudi Arabia hikes oil investments as it profits from price surge

Oil prices leapt 50% last year as demand recovered from the COVID-19 pandemic, and then surged above $100 a barrel to 14 year highs in February after Russia invaded Ukraine, leading Western nations to urge major producers to increase output.

Saudi Arabia transfers Aramco shares worth $80 billion to state fund

The shares will bolster the Public Investment Fund's (PIF) strong financial position and high credit ratings in the medium term, the crown prince said in a statement. The fund is the prince's vehicle of choice to transform the Saudi economy and diversify away from oil revenues.

Aramco revives talks to set up $10 billion oil refinery in China

In 2019, Aramco and Chinese defence corporation Norinco had signed an agreement to set up the refining and petrochemical complex in Panjin city in Liaoning province. But the deal stalled in 2020 after oil prices crashed at the beginning of the pandemic

RIL AGM 2021 | RIL inducts Saudi Aramco chairman Yasir Al-Rumayyan to its board

Al-Rumayyan will replace YP Trivedi on the board, RIL chairman Mukesh Ambani said at the company’s AGM on Thursday.