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  • Saudi Aramco Rethinks Global Communications Strategy
     

    Saudi Aramco, the world’s largest oil company, is rethinking its global communications strategy as it undertakes an ambitious corporate transformation. The company is understood to be actively seeking public relations agency support across a wide range of areas, including media relations, internal communications, and event management. The review covers Saudi Aramco’s operations in the Gulf, North […]

     
  • What to Know About the TASI Opening
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time. The initial step toward this action was to give other GCC countries the right to invest […]

     

MUST-READS

  • Saudi Aramco Q1 Net Profit Surges 82%

    The Saudi Arabian Oil Company reported first quarter net income of $39.5 billion, a 82% increase from $21.7 billion in the prior year, primarily driven by higher crude oil prices and volumes sold, and improved downstream margins.

  • Saudi Aramco’s Profit Soars as Oil Prices and Output Jump

    Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged in the wake of Russia’s invasion of Ukraine. Aramco, which last week surpassed Apple Inc. to become the world’s most valuable company, followed Big Oil rivals such as Shell Plc and BP Plc in reporting bumper earnings for the first quarter. Like them, the Saudi Arabian firm’s results were boosted by crude’s jump to $110 a barrel after Moscow’s attack in late February.

  • Saudi Aramco’s Q1 total output rises 13% to 13 mil boe/d as capex drops 7%

    Saudi Aramco, the world's biggest oil company, on May 15 reported a 13% increase in total hydrocarbons output to 13 million boe/d in the first quarter from a year earlier and a 7% decline in capital expenditures amid plans to increase spending.

  • Saudi Aramco eclipses Apple to once again become the world’s most valuable company

    Aramco is now worth about $2.43 trillion, compared with Apple's $2.37 trillion, according to data from Refinitiv. Market capitalizations fluctuate frequently: earlier this year, Apple (AAPL) hit the $3 trillion mark, becoming the first to do so and making it by far the most valuable company on the planet. Aramco at one point also held that mantle after a historic initial public offering in 2019, which propelled its valuation to $2 trillion.

  • Samsung, Chevron, Saudi Aramco pour $150m into carbon capture startup

    The round comes amid surging interest in CCS — last year, the global capacity of planned CCS projects grew 50% over nine months, and the industry was further boosted by the latest report by the Intergovernmental Panel on Climate Change (IPCC), which stressed the need for the technology. Other forms of carbon removal are also attracting interest. Climeworks, a Swiss startup working on direct air capture (where carbon is removed from the air itself, rather than captured at source) raised a $650m round last month.

  • Samsung, Chevron, Saudi Aramco pour $150m into carbon capture startup

    If we want to keep global warming below 1.5C, we can only emit another 500 gigatonnes of carbon into the atmosphere, according to the UN’s climate council — that’s around eight years’ worth at the current rate. In the race to cut emissions, a lot of hope is pinned on carbon capture and storage tech (CCS) —  which captures the carbon produced in industrial processes before it reaches the atmosphere, be it in cement and steelmaking processes, oil refineries or natural gas production.

  • Saudi Aramco briefly becomes world’s most valuable firm

    Saudi Aramco briefly topped the list of largest companies by market capitalization on Tuesday with a market value of $2.464 trillion, surpassing US tech major Apple Inc.’s value of $2.461 trillion. Shares of the Saudi oil giant hit its highest level at SR46.20 in early trading on Tuesday on the Saudi Exchange (Tadawul). Aramco’s stock price slightly retreated later in the day to trade at SR46.05 as of 11:53 a.m. Saudi time, implying a market valuation of SR9.21 trillion.

  • Fitch revises Saudi Aramco’s outlook to ‘positive’

    Ratings agency Fitch on Monday revised its outlook for state-owned Saudi Arabian Oil Co (2222.SE) to "positive" from "stable", citing a similar action on the country. The agency had raised its outlook on Saudi Arabia to "positive" from "stable" earlier this month on the back improvements in the country's sovereign balance sheet thanks to higher oil revenues

  • Saudi Aramco Awards $300 Million Integrated Conventional Fracturing Contract to NESR

    National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services ("Conventional Fracturing") in Saudi Arabia. These contracts are for a total period of three years with an option for a further extension of two years and are worth approximately USD $300 million covering fracturing, testing, wireline, coiled tubing, slickline services and all associated chemistry, logistics and site services to conduct these operations.

  • Hyundai, Saudi Aramco to jointly develop eco-friendly vehicle engine

    The two-year joint project aims to verify by how much greenhouse gas emissions can be reduced when e-fuel is used in hybrid electric vehicles instead of conventional fuel, it said.