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 P.O. Box 5000 Dhahran 31311 Kingdom of Saudi Arabia CONTACT US Americas USA Contact details & info Location 1200 Smith Street Houston, TX 77002 Mailing Address Aramco Americas P.O. Box 4534 Houston, TX 77002 CONTACT US
We help companies, government organisations and industry professionals profit from faster, more informed decisions. Saudi Arabian Oil company overview and more information Saudi Arabian Oil Co (Saudi Aramco) is a state-owned energy and chemical company. It carries out the exploration, production and ...
The two Indian companies interested in becoming the strategic partner of Saudi Aramco in the export refinery it is due to build in Yanbu,Hindustan Petroleum Corp.Ltd.(HPCL) and Indian Oil Corporation (IOC),have not been prequalified for the project by the national oil company.Arab Oil &...
Second, Aramco tried to merge operations with the Standard Oil Company of New Jersey, later Exxon, and the Socony-Vacuum Oil Company, now known as Mobil. Harry Collier, the chairman of Socal at that time, supported the choice of these two companies not only because of their unrivaled market...
Saudi Aramco got its start in the 1930s when Standard Oil of California found large petroleum deposits while conducting operations at the behest of the government of Saudi Arabia. Today, the company is run and largely owned by the Saudi government and is at the top or near the top of the...
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Nevertheless, Saudi Aramco went public with its IPO in 2019, raising a record $25.6 billion by selling three billion shares. This was only 1.5% of the company's value—significantly lower than firms like Apple, which has only about 0.10% of its shares in the hands of insiders.1213Limiting ...