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  • Saudi Aramco's profits already $88 billion as oil prices stay high Aug 14, 2022 12:33 PM IST

    Saudi Aramco's profits already $88 billion as oil prices stay high

    The oil and gas company, which is nearly entirely state-owned, said it also saw a 90 per cent surge in the second quarter of 2022 compared to last year at this time.

  • Book excerpt: The Digital Mindset: What It Really Takes to Thrive in the Age of Data, Algorithms, and AI Jun 04, 2022 07:43 PM IST

    Book excerpt: The Digital Mindset: What It Really Takes to Thrive in the Age of Data, Algorithms, and AI

    "In the world of digital business, if you wait until you need to make a change in your technology infrastructure, you’ve waited too long."

  • Saudi Aramco weighs IPO of trading unit amid oil boom May 17, 2022 09:07 PM IST

    Saudi Aramco weighs IPO of trading unit amid oil boom

    Aramco, which recently became the world’s most valuable company, could sell a 30% stake in the division

  • Saudi oil giant Aramco's first-quarter profits surge 80% May 16, 2022 06:37 AM IST

    Saudi oil giant Aramco's first-quarter profits surge 80%

    The bumper first-quarter earnings by the firm formally known as the Saudi Arabian Oil Co. show a record net income of $39.5 billion, up fom $21.7 billion during the same period last year.r

  • Saudi Aramco becomes world’s most valuable stock as Apple drops May 12, 2022 09:03 AM IST

    Saudi Aramco becomes world’s most valuable stock as Apple drops

    Aramco traded near its highest level on record on Wednesday, with a market capitalization of about $2.43 trillion, surpassing that of Apple for the first time since 2020. The iPhone maker fell 5.2% to close at $146.50 per share, giving it a valuation of $2.37 trillion.

  • Saudi Aramco becomes world's most valuable company May 12, 2022 06:22 AM IST

    Saudi Aramco becomes world's most valuable company

    The Saudi Arabian national petroleum and natural gas company, billed as the largest oil producing company in the world, was valued at $2.42 trillion based on the price of its shares at close of market.

  • After Oil’s Surge, Saudi Aramco hikes spending to boost output Mar 21, 2022 06:45 AM IST

    After Oil’s Surge, Saudi Aramco hikes spending to boost output

    The Saudi Arabian firm, like rivals such as BP Plc and Chevron Corp., has experienced a sharp turnaround from 2020, when the coronavirus pandemic hammered energy demand and forced it to shelve several projects.

  • Saudi Aramco reports profit surge on day sites hit by Yemen rebels Mar 20, 2022 08:35 PM IST

    Saudi Aramco reports profit surge on day sites hit by Yemen rebels

    The results followed news of the overnight attacks by Yemen's Iran-backed Huthi rebels, which caused no reported casualties but hit targets including Aramco facilities and a water desalination plant.

  • Saudi Aramco more than doubles profit in 2021, aims to bump up capex this year Mar 20, 2022 01:49 PM IST

    Saudi Aramco more than doubles profit in 2021, aims to bump up capex this year

    By 2027, Aramco hopes to increase crude oil "maximum sustainable capacity" to 13 million barrels per day, and bump up gas production by more than 50% by 2030.

  • Saudi Aramco looks to invest in Reliance New Energy Solar: Report Dec 15, 2021 09:40 AM IST

    Saudi Aramco looks to invest in Reliance New Energy Solar: Report

    Saudi Aramco and other investors have shown initial interest in investing in Reliance's clean energy unit.

  • Reliance Industries-Aramco to re-evaluate O2C deal, what does it mean for the stock? Nov 22, 2021 12:36 PM IST

    Reliance Industries-Aramco to re-evaluate O2C deal, what does it mean for the stock?

    Analysts reckon the decision would not have any material repercussions on Reliance's fundamentals

  • Reliance, Saudi Aramco to re-evaluate oil-to-chemicals investment proposals Nov 19, 2021 10:37 PM IST

    Reliance, Saudi Aramco to re-evaluate oil-to-chemicals investment proposals

    RIL will, however, continue to be Saudi Aramco’s partner for investments in the private sector in India and will collaborate for investments in Saudi Arabia.

  • Oil rises after Saudi Aramco raises crude selling price Nov 08, 2021 08:33 AM IST

    Oil rises after Saudi Aramco raises crude selling price

    Brent crude was up by 90 cents or 1.1% at $83.64 a barrel, after dropping nearly 2% last week. U.S. oil gained 87 cents or 1.1% to $82.14, having declined almost 3% through Friday.

  • Saudi Aramco sees third-quarter income rise to $30.4 billion Oct 31, 2021 01:11 PM IST

    Saudi Aramco sees third-quarter income rise to $30.4 billion

    Saudi Arabia’s majority state-owned oil giant Aramco said its net income more than doubled from $11.8 billion during the same three-month period a year earlier. Last year’s figure came after profits plunged dramatically as global coronavirus lockdowns slammed oil prices

  • Saudi Arabia to use $110 billion natural gas project for blue hydrogen Oct 24, 2021 05:05 PM IST

    Saudi Arabia to use $110 billion natural gas project for blue hydrogen

    Saudi Arabia's Energy Minister Abdulaziz bin Salman said that a major portion of gas from the $110 billion Jafurah development will be used for blue hydrogen.

  • Saudi Aramco sets 2050 zero carbon emissions target Oct 23, 2021 06:42 PM IST

    Saudi Aramco sets 2050 zero carbon emissions target

    Saudi Arabia, the world's top crude exporter, said it would also join a global effort to cut methane emissions by 30 percent by 2030.

  • Reliance shareholders approve appointment of Aramco Chairman Yasir Al-Rumayyan on board Oct 21, 2021 08:36 PM IST

    Reliance shareholders approve appointment of Aramco Chairman Yasir Al-Rumayyan on board

    Disclosing the results of shareholder votes on the appointment, Reliance in a regulatory filing said 98.03 per cent of votes were cast in favour of the resolution to appoint Al-Rumayyan for three years.

  • Saudi Aramco hits $2 trillion valuation on back of higher oil prices Oct 06, 2021 04:38 PM IST

    Saudi Aramco hits $2 trillion valuation on back of higher oil prices

    Demand for energy is picking up, despite the ongoing coronavirus pandemic’s continued toll on travel and other key gas-guzzling sectors.

  • Reliance Industries backs Saudi Aramco chairman as independent director Sep 29, 2021 02:25 PM IST

    Reliance Industries backs Saudi Aramco chairman as independent director

    The California State Teachers’ Retirement Fund, a shareholder of the Indian conglomerate, had last week decided to vote against the move based on U.S. proxy advisory research firm Glass Lewis’ recommendation, BloombergQuint had reported.

  • Bajar Gupshup | Markets close at record highs as metals continue to shine Aug 16, 2021 04:24 PM IST

    Bajar Gupshup | Markets close at record highs as metals continue to shine

    Sensex was up 0.3% at and Nifty ended 0.2% higher led by gains in metals and FMCG stocks. Reliance Industries led the rally today as it surged over 2 percent after a report suggested Saudi Aramco is in advanced talks to acquire a stake in its oil refining business.

  • Saudi Aramco Q2 profits nearly quadruple compared to 2020 Aug 08, 2021 12:40 PM IST

    Saudi Aramco Q2 profits nearly quadruple compared to 2020

    Saudi Aramco said its net profit rose to $25.5 billion in the second quarter of the year, compared to $6.6 billion in the same quarter of 2020, owing to a stronger oil market and higher refining and chemicals margins.

  • Reliance AGM 2021 | RIL inducts new board member from Aramco: Who is Yasir Al-Rumayyan? Jun 24, 2021 11:07 PM IST

    Reliance AGM 2021 | RIL inducts new board member from Aramco: Who is Yasir Al-Rumayyan?

    Reliance Industries announced the induction of Saudi Aramco chairman Yasir Al-Rumayyan as an independent director to its board. The move signals that the deal between the two companies is back on track. Al-Rumayyan will replace YP Trivedi on the board, RIL Chairman Mukesh Ambani said at the company’s AGM on June 24.

  • India offers to lift regular Saudi oil volumes in June after May cuts: Sources May 07, 2021 07:40 AM IST

    India offers to lift regular Saudi oil volumes in June after May cuts: Sources

    The refiners - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd - normally buy 14.8 million-15 million barrels of Saudi oil a month.

  • Major Chinese investors in talks to take Saudi Aramco stake: Sources Apr 29, 2021 09:05 AM IST

    Major Chinese investors in talks to take Saudi Aramco stake: Sources

    Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman said in televised remarks on Tuesday.

  • Reliance, Saudi Aramco revive talks for cash and share stake deal: Report Apr 28, 2021 11:00 PM IST

    Reliance, Saudi Aramco revive talks for cash and share stake deal: Report

    If the deal is finalised, it would also be the first time when Saudi Aramco would pay for a transaction using shares.

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