Saudi Aramco

Adjusted net income for the period rose about 1% to 104.9 billion riyals ($28 billion) from a year earlier, surpassing analyst estimates compiled by Bloomberg

Saudi Aramco agrees with China’s BYD to explore new EV technology

Saudi Arabia has been plowing money into the EV space in recent years as it strives to create a domestic auto manufacturing hub under Crown Prince Mohammed bin Salman’s agenda to diversify the economy away from oil

Saudi Aramco looks to invest in Indian refineries: Report

India, the world's third-biggest oil consumer and importer, wants to become a global refining hub as Western companies cut crude processing capacity in their shift to cleaner fuels

Castrol India shares rise 12% amid buzz of Saudi Aramco weighing bid for BP’s lubricant assets

Aramco could look to combine the Castrol assets with its Valvoline lubricants unit, which it bought in a $2.65 billion deal completed in 2023, reported Bloomberg on March 5

Half of global CO2 emissions traced to 36 fossil fuel companies

To meet the internationally agreed target of limiting global warming to 1.5°C, emissions must fall by 45% by 2030.

Saudi Aramco weighs bid for BP’s Castrol lubricant assets

Aramco is particularly interested in Castrol’s operations in fast-growing markets like India, the people said, asking not to be identified because the information is private. Its Mumbai-listed subsidiary Castrol India Ltd. has a market value of about $2.5 billion.

Oil pares losses after Saudi price increase

Saudi Aramco, the world's leading oil exporter, on Wednesday announced it would sharply increase prices to buyers in Asia for March delivery amid rising demand from China and India as U.S. sanctions disrupt Russian supply.

Saudi Aramco unit in talks to invest $1 billion in US software maker Mavenir, sources say

The deal by Aramco Digital, the wholly-owned technology subsidiary of the oil giant, would be its first major transaction in the telecommunications industry as part of Saudi Arabia’s Vision 2030 plan, which focuses on technological advancements and economic diversification.

Aramco to borrow more and focus on dividend growth, CFO Ziad Al-Murshed says

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.

Saudi Aramco third-quarter profit drops 15%, holds quarterly dividend at $31 bn

Aramco posted net income of 103.37 billion riyals ($27.52 billion) in the three months to Sept. 30, beating a company-provided median estimate of $26.9 billion

Saudi Aramco Q2 profit dips 3% as output stays low

The decrease of 3.4 percent "mainly reflects the impact of lower crude oil volumes sold and weakening refining margins", the company said in a statement posted to the Saudi stock exchange.

L&T confirms $4 billion Saudi Aramco orders for gas projects, strong future prospects anticipated

The Rs 35,000 crore order from the state-owned Saudi Aramco is reported to be for gas compression systems.

Saudi Aramco awards $25 billion in contracts for gas expansion

Gas from the project will be used in the first instance to supply the country’s domestic industries, with any excess capacity potentially used to make blue hydrogen or exported as LNG, Aramco has said.

Saudi Aramco says foreigners grab 'majority' of share offering

Aramco, the mostly state-owned jewel of the Saudi economy, announced on May 30 that it would sell 1.545 billion shares, or approximately 0.64 percent of its issued shares, on the Saudi stock exchange.

World Street | ECB's rate cut, defamation lawsuit on Netflix, Aramco share sale and more

From GameStop's unprecedented rally to Chinese regulator's efforts to ease investor concerns over delisting, here's a look at some of the major developments from across the world.

World Street | Musk's disclosure dodge, Gap up, Trump found guilty, and more

From US Steel Corp and Japan's Nippon Steel sealing the deal to Musk's failure to disclose increasing Twitter stake, here's a look at recent business developments around the world.

Kalpataru signs Saudi Aramco's EPC project with contract value worth Rs 7,550 crore

The contract - which was first announced on March 5 - is for carrying Aramco's EPC work for the expansion of the Master Gas System Network (MGS‐3) in Saudi Arabia.

Saudi Arabia hikes key oil prices Further as market tightens

State-owned Saudi Aramco raised the official selling price of Arab Light crude for Asia to a premium of $2 a barrel to the regional benchmark for May sales, according to a price list seen by Bloomberg.

World Street | Aramco doles out dividend, Reddit plans $748-million IPO, Powell's Pivot and Sam Altman returns as OpenAI CEO

From Aramco's dividend payment, Boeing's probe, Reddit IPO, Altman's return to OpenAI as CEO to Powell's congressional testimony, here's a look at recent business developments around the world

Aramco hikes dividend 30% to $98 billion despite drop in profit

The profit, down from $161.1 billion in 2022, was still the company's second-highest on record, Aramco said on Sunday as it reported total dividends for the year of $97.8 billion, up 30%. Oil revenues made up 62% of total state revenues last year.

LTIMindtree to set up JV with Saudi Aramco's subsidiary Global Digital

LTIMindtree will be hold a 51 percent stake in the company and make an initial investment of $12.3 million. Global Digital will hold the remaining 49 percent stake

L&T shares fall as Saudi Aramco reportedly defers bid process for Safaniyah oilfield projects

L&T was likely in a race to acquire major EPC order with respect to Safaniyah oilfield

World Street | Fed remains steady, Tesla tanks, Saudi surprises with status quo and more

From Chinese EV delays and H&M CEO's exit to Saudi Arabia's surprise reversal of its oil expansion plan, here's a look at some of the developments from the world of business.

World Street | Saudi Aramco cash jab, Red Sea ruckus, Apple beats Samsung, China blues, Sheryl Sandberg exits Meta

From China's economic growth missing analysts' expectations, Saudi Aramco boosting its Ventures unit, Apple dethroning Samsung to Airbus Ascendancy, Sandberg leaving Meta board and YouTube's job cuts, here's a look at recent business developments around the world.

L&T crosses Rs 4 lakh crore m-cap; analysts see more upside post $4 bn Saudi Aramco's order win

The Rs 10,000 crore buyback plan, equivalent to around 2.4% of outstanding shares at a maximum price of Rs 3,000 per share, boosts confidence in L&T. It remains Citi's top choice for the medium term.