Compared to the $110 billion recorded in 2021, the Saudi Arabian oil giant’s net income took a significant leap by growing over 46% YoY in 2022. The Saudi Arabian Oil Group, also known as Aramco, anno...
Tag: Aramco
Saudi Aramco Posts Blowout Annual Profit and Raises Dividend
(Bloomberg) — Saudi Aramco unexpectedly increased its dividend and said it would boost spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices. M...
Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel
In the race to find cleaner fuels, the heavy duty transportation sector is woefully behind because batteries don’t have enough juice to power trucks and ships. Enter ammonia. New technology and ...
Rhetoric From Davos Dominated The Week In Energy
Al Gore, chairman of Generation Investment Management LLP, center, on day two of the World Economic … [+] Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. The annual Davos gatheri...
What If Both Sides Of The ESG Debate Are Right About US Majors’ Oil And Gas Investments, But For The Wrong Reasons?
My hypothesis is that US majors underinvest both in renewables and in oil and gas needed to get us through the energy transition. Perhaps, the right question, addressed to both the anti and pro ESG wi...
SLB’s New Name Comes At An Inflection Point For Digital And Decarbonization
SLB Company Logo SLB For any company, a change in name presents a risk of brand recognition loss, at least in the short term. That would seem to be especially true for a company that has operated unde...
Aramco Unit Hires HSBC, Citigroup for $1 Billion Share Sale
(Bloomberg) — Saudi Aramco Base Oil Co., a refining unit of the state-owned oil producer, has named Citigroup and HSBC Holdings Plc for its initial public offering on the Saudi stock exchange, w...
Top Oil Exporter Saudi Arabia, Led By The Crown Prince And New Prime Minister, Is Greening Up.
Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative (FII) conference in … [+] the Saudi capital Riyadh in 2018. AFP via Getty Images Big oil statistics. With oil prod...
Saudi Aramco Beats Revenue Expectations in Q3 2022 Earnings Report
Middle Eastern oil giant Saudi Aramco projects oil demand to further rise following a commendable Q3 2022 report. Saudi Aramco recently reported its Q3 2022 financial statement, which shows a 39% year...
Tesla Still Holding $218M in Bitcoin — Elon Musk Expects Company to Be Worth More Than Apple and Saudi Aramco Combined – Featured Bitcoin News
Tesla’s third-quarter balance sheet shows that the electric car company is still holding $218 million in bitcoin. CEO Elon Musk claims that Tesla could be worth more than Apple and Saudi Aramco combin...
“Tesla Could Be Worth More Than Apple And Saudi Aramco Combined” As Q3 Revenue Target Misses
Key Takeaways Tesla missed their Q3 revenue target, bringing in $21.45 billion against the expected $22 billion. This was mainly as a result of logistical challenges which saw 343,830 vehicles deliver...
Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection
‘The world should be worried’: Saudi Aramco — the world’s largest oil producer — just issued a dire warning over ‘extremely low’ capacity. Here are 3 stocks for protection The global oil m...
Jamie Dimon’s Testimony Caps A Confrontational Energy Week
JPMorgan Chase & Co. Chairman and CEO Jamie Dimon testifies before a House Committee on Financial … [+] Services Committee hearing on “Holding Megabanks Accountable: Oversight of Ameri...
Saudi Aramco CEO expresses his opinion publicly on Europe’s energy crisis
The global energy crisis that started shaping up in Europe with the war in Ukraine as the main trigger seems to be here to stay. The solutions the European governments have put in place, such as cappi...
Top 100 Public Company Crypto Involvement
August 24, 2022, 9:55AM EDT • 2 min read Quick Take 28 out of the top 100 publicly traded firms ranked by Forbes have at least one crypto/blockchain investment since 2021 SoftBank and Samsung have the...
High Oil Prices Push Saudi Aramco to Report 90% Surge in Q2 2022 Net Income
The company expects the post-pandemic recovery in oil demand to last for the rest of the decade. The ongoing high oil prices have pushed Saudi Aramco to post a 90% spike in Q2 2022 net income. Accordi...
LIV Golf Is Here To Stay
Phil Mickelson tees off on the first hole during day one of the LIV Golf Invitational at The Centurion Club in St Albans, England, in June. (Photo by Chris Trotman/LIV Golf/Getty Images) Getty Images ...
Saudi Aramco Becomes World’s Most Valuable Company as Apple Stock Drops
Following a 5.2% decline on Wednesday, Apple was overtaken by Middle Eastern oil behemoth Saudi Aramco as the world’s most valuable stock. American consumer electronics powerhouse Apple Inc (NASDAQ: A...
Saudi Aramco to boost oil production spending to help meet rise in demand
Saudi Aramco has said it will boost spending on oil production to meet rising energy demand as chief executive Amin Nasser criticised “totally unrealistic” plans to swiftly transition the world away f...
After Oil’s Surge, Saudi Aramco Hikes Spending to Boost Output
(Bloomberg) — Saudi Aramco will increase spending and issue bonus shares as oil’s surge to more than $100 a barrel bolsters the company’s plan to boost production. Most Read from Bloomberg The S...
Saudi Aramco shares hit record high as oil demand surges
Saudi Aramco oil prices Covid demand – Stanislav Krasilnikov Saudi Aramco surged to an all-time high after the world’s biggest energy company said oil demand is continuing to rebound from the pa...
Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges
(Bloomberg) — Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel. Most Read from Bloomberg State firm Saudi Aramco increased all...