Aramco | The Epoch Times

Saudi Prince Gives 4 Percent Aramco Stake to Public Investment Firm

DUBAI, United Arab Emirates—Saudi Arabia's crown prince announced Sunday the transfer of a 4 percent stake of the oil giant Saudi Aramco to a subsidiary of the kingdom's sovereign wealth ...

April 16, 2023BY The Associated Press

Saudi Aramco Reports Record Profit of $161.1 Billion in 2022

DUBAI—Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, ...

March 12, 2023BY Reuters

Aramco and TotalEnergies to Build $11 Billion Saudi Petrochemicals Plant

PARIS—Saudi Arabian Oil Company (Aramco) and TotalEnergies will join forces to build a new petrochemicals complex in Saudi ...

December 15, 2022BY Reuters

Oil Giant Saudi Aramco Has $42.4 Billion Profit in 3rd Quarter

DUBAI, United Arab Emirates—Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter ...

November 2, 2022BY The Associated Press

Saudi’s Aramco Sees Profits Soar to $39.5 Billion in Q1 as Global Gas and Oil Prices Surge

Saudi oil giant Aramco on May 15 posted its highest profits since its initial public offering in 2019 as ...

May 16, 2022BY Katabella Roberts

Yemen’s Houthis Suspend Strikes on Saudi Arabia for 3 Days

RIYADH, Saudi Arabia—Yemen's Houthi group said on March 26 that it would suspend missile and drone strikes on ...

March 27, 2022BY Reuters

Saudi’s Aramco Pledges to Increase Investment in Oil Production to Meet Growing Demand

Saudi Arabia's state oil company Aramco on March 20 pledged to increase the amount it invests in oil production after ...

March 21, 2022BY Katabella Roberts

Saudi Oil Giant Aramco Sees Half-Year Earnings Climb to $47 Billion

DUBAI, United Arab Emirates—Saudi Arabia's oil-producing company, Aramco, announced Sunday a net income of around $47 billion for ...

August 8, 2021BY The Associated Press

Saudi Aramco in Talks to Sell 1 Percent Shares, Beijing-Controlled Fund A Likely Buyer

Saudi Arabia plans to sell a 1 percent stake in Aramco, the world's largest oil company. Based on ...

May 14, 2021BY Winnie Han

Oil Giant Saudi Aramco Sees 2019 Profits Drop 20 percent to $88.2 Billion

DUBAI, United Arab Emirates—Oil giant Saudi Aramco said on March 15 its profits dropped 20 percent in 2019 ...

March 16, 2020BY The Associated Press

Saudi Aramco ‘Greenshoe’ Kicks IPO Up to Record-breaking $29.4 Billion

State-owned oil company Saudi Aramco said on Sunday it raised the size of its initial public offering (IPO) ...

January 12, 2020BY Tom Ozimek

Saudi Oil Giant World’s Most Valuable Company Upon IPO

Saudi Arabia’s state oil company, Aramco, has quickly become the world’s most valuable listed company upon offering a ...

December 11, 2019BY Petr Svab

Aramco Sees Nearly Enough Early Orders to Pull Off IPO

Saudi Aramco’s bankers are seeing sufficient early demand to pull off the state oil giant’s initial public offering ...

November 19, 2019BY Bloomberg

Saudi Arabia Cuts Aramco Valuation, Boosts Loans to Get IPO Done

Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s ...

November 18, 2019BY Bloomberg

Aramco May Be Worth $1.5 Trillion or Less, Some IPO Banks Say

Saudi Aramco may be worth as little as $1.5 trillion or even less, well below the target set ...

November 4, 2019BY Bloomberg

China Losing $97 Million a Day Due to Attacks on Saudi Arabia Oil Facilities

News Analysis Drone attacks on Saudi Arabia’s oil facilities are costing China another $97 million a day as ...

September 18, 2019BY Chriss Street

Drones Strike World’s Largest Oil Processing Facility in Saudi Arabia

DUBAI, United Arab Emirates—Drones attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield ...

September 14, 2019BY The Associated Press