Saudi Aramco plans performance-linked dividends despite profits fall Group reports first-quarter net income of $32bn as oil prices decline April 16 2023 Public Investment Fund of Saudi Arabia Saudi Arabia boosts sovereign wealth fund with transfer of $80bn Aramco stake ...
The story of Saudi Aramco tells of the discovery and development of the greatest energy reserves the world has ever known and the rapid transformation of Saudi Arabia from desert kingdom to modern nation-state. From our beginnings, we have grown from an oil-producing company to a fully integra...
The company has subsidiaries and joint ventures across the Americas, Europe and other regions. Saudi Aramco is headquartered in Dhahran, Eastern Province, Saudi Arabia. Business Strategy Unlock industry insights with our gold-standard data. Get an overview of Saudi Arabian Oil's strategies within ...
RIYADH, March 7 (Xinhua) -- Saudi Arabia has transferred 8 percent of the state-owned oil giant Saudi Aramco's shares to companies fully owned by the Public Investment Fund (PIF), as announced by Crown Prince Mohammed bin Salman Al Saud on Thursday. This transfer reduces the state's stake...
Saudi Aramco is the world's largest oil producer.1Officially known as Saudi Arabian Oil Company, the company is primarily state-owned and is based in Dhahran, Saudi Arabia.2It is the world's most profitable company, eclipsing even tech giants such as Apple (AAPL), and Microsoft(MSFT).3 ...
RIYADH, Feb. 25 (Xinhua) -- Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud announced Sunday that a significant additional amount of gas and condensate reserves have been proven in the Jafurah field operated by the Saudi state oil company Aramco. ...
The listing took place after the successful completion of the initial public offering of its shares. Saudi Aramco shares opened at 32 riyals (8.5 U.S. dollars). The Kingdom of Saudi Arabia sold 3 billion ordinary shares through the IPO process (not including the option to increase the alloca...
(Reuters) - Saudi Arabia's government ordered state oil company Aramco to halt its oil expansion plan and to target a maximum sustained production capacity of 12 MM bpd, 1 MM bpd below a target announced in 2020. Saudi Arabia for decades has been the main holder of the world's only sign...
Where energy is opportunity. We’re a leading producer of the energy and chemicals that drive global commerce and enhance the daily lives of people around the globe. From our proven upstream capabilities and our strategically integrated global downstream network, to our cutting edge sustainability tec...
PARIS - Saudi Arabia's oil company has emerged as the world's largest and three other national oil companies owned by members of the Organization of Petroleum Exporting Countries now rank among the world's 10 largest, the Petroleum Intelligence Weekly said.Ibrahim, Yousef M...