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View all search resultsAramco
Companies 1 year ago
Saudi Aramco announces end of share sale worth $11.2 billion
Aramco reported record profits in 2022 after Russia's invasion of Ukraine sent oil prices soaring, allowing Saudi Arabia to record its first budget surplus in nearly a decade. But the Saudi cash cow saw its profits drop by a quarter last year because of lower oil prices and production cuts.
Companies 3 years ago
Saudi Aramco posts 39 percent jump in profits
The announcement came as the OPEC+ cartel of oil producers was set to implement production cuts that have drawn the ire of the United States, which says the move -- approved at a meeting last month -- amounts to "aligning with Russia" in the conflict.
Business 5 years ago
Crown prince says Saudi to sell more shares of energy giant Aramco
"There will be Aramco share offerings in the coming years, and this cash will be transferred to... the Public Investment Fund (PIF) to be re-injected inside and outside the kingdom," Prince Mohammed told Riyadh's Future Investment Initiative (FII) conference in a virtual session.
World 6 years ago
Saudi oil attacks came from southwest Iran, US official says, raising tensions
Three officials, speaking to Reuters on condition of anonymity, said the attacks involved cruise missiles and drones, indicating that they involved a higher degree of complexity and sophistication than initially thought.
