Saudi Aramco

Saudi Aramco, Iraq's SOMO halt crude oil sales to India's Nayara Energy

The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August

Reliance, Aramco eye BP's Castrol unit in potential $10 billion deal

BP's Castrol division could fetch $8-10 billion, drawing interest from Reliance, Aramco, and private equity firms in one of the year's biggest energy deals

LTIMIndtree, Aramco Digital to start IT services company in Saudi Arabia

LTIMindtree and Aramco Digital launch NextEra in Saudi Arabia to accelerate digital transformation, boost local IT services, and support Vision 2030 goals

Saudi Aramco eyes asset sales for expansion amid lower oil prices: Report

The company has asked investment bankers to pitch ideas for how to raise funds from its assets

Aramco signs up to $90 bn in US deals amid Trump's Gulf tour push

The agreements underscore Saudi Arabia's efforts to strengthen its energy partnerships and attract foreign investment as it looks to balance oil dominance

Aramco reports $26 bn profit in Q1, down 4.6% on lower oil prices

Saudi Arabia's state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year. Aramco, formally known as the Saudi Arabian Oil Co, had revenues of $108.1 billion over the quarter, the company reported in a filing on Riyadh's Tadawul stock exchange. The company saw $107.2 billion in revenues and profits of $27.2 billion the same quarter last year. Aramco's stock traded over $6 a share Thursday, down from a high of around $8 last year. It has dropped over the past year as oil prices have dipped, and in recent months, as the OPEC+ oil cartel announced restoring production more rapidly and as uncertainty driven by US tariffs has rippled through Middle Eastern markets. Benchmark Brent crude traded Friday at over $63 a barrel, down from highs of over $80 in the last year.

Saudi Aramco likely to pick 20% each in new BPCL, ONGC refineries

India, which ranks as the world's third-largest oil consumer, aims to establish itself as a global refining centre as Western corporations reduce their crude processing capabilities

World's biggest companies have caused $28 trillion in climate damage: Study

The world's biggest corporations have caused USD 28 trillion in climate damage, a new study estimates as part of an effort to make it easier for people and governments to hold companies financially accountable, like the tobacco giants have been. A Dartmouth College research team came up with the estimated pollution caused by 111 companies, with more than half of the total dollar figure coming from 10 fossil fuel providers: Saudi Aramco, Gazprom, Chevron, ExxonMobil, BP, Shell, National Iranian Oil Co., Pemex, Coal India and the British Coal Corporation. For comparison, USD 28 trillion is a shade less than the sum of all goods and services produced in the United States last year. At the top of the list, Saudi Aramco and Gazprom have each caused a bit more than USD 2 trillion in heat damage over the decades, the team calculated in a study published in Wednesday's journal Nature. The researchers figured that every 1 per cent of greenhouse gas put into the atmosphere since 1990 has cau

ONGC, BPCL rally up to 5% as Saudi Aramco draws India investment plan

Aramco is specifically targeting BPCL's refinery in Andhra Pradesh and ONGC's refinery in Gujarat, said a Reuters report.

Saudi Aramco in talks to invest in planned refineries of BPCL, ONGC

Aramco is in separate talks to invest in Bharat Petroleum Corp's (BPCL) planned refinery in the southern state of Andhra Pradesh and a proposed Oil and Natural Gas Corp (ONGC) refinery

Saudi Aramco-backed Cognite opens AI services centre in Bengaluru

Cognite makes software that allows companies to improve the operations and safety of industrial installations, such as oil and gas platforms

Aramco reports $106 bn profit in 2024, down 12% on lower oil prices

Aramco has a market value of $1.74 trillion, making it the world's sixth-most valuable company behind Apple, Microsoft, NVIDIA, Amazon and Alphabet, which owns Google

Saudi Aramco taps Alphabet spinoff SandboxAQ for AI collaboration

State-backed Aramco has already been investing in AI through units such as Aramco Digital, with a focus on its main energy business

Aramco CEO expects additional oil demand of 1.3 mn bpd this year

Oil demand this year will approach 106 million barrels per day after averaging about 104.6 million barrels per day in 2024, he said

Welspun Corp up 6% on inking MOU with Saudi Aramco; Check all details here

The capacity in the Kingdom of Saudi Arabia will be estabilised at the ongoing Aramco IKTVA Forum & Exhibition 2025. The production capacity of this plant will be 350,000 MT/Annum

Saudi oil giant ups crude prices for Asian buyers amid tightening supply

The world's top oil exporter Saudi Aramco announced its first crude oil price hike in three months

Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend

Aramco's shares are down about 17 per cent this year, trailing the performance of Western oil majors Exxon and Shell, but broadly in line with BP, which is down 18 per cent

Over 100 women's soccer players protest FIFA's deal with Saudi Aramco

Former U.S. national team captain Becky Sauerbrunn and Netherlands forward Vivianne Miedema are among more than 100 women's soccer players who have signed an open letter protesting FIFA's sponsorship deal with Saudi Arabian state oil giant Aramco. The letter calls the deal, which includes sponsorship at the 2027 Women's World Cup in Brazil, "much worse than an own goal," citing Saudi Arabia's record on the rights of women and LGBTQ+ people and the impact of Aramco's oil and gas production on climate change. Sauerbrunn voiced concern for women who are imprisoned in Saudi Arabia. The safety of those women, the rights of women, LGBTQ+ rights and the health of the planet need to take a much bigger priority over FIFA making more money, Sauerbrunn said in comments via campaign group Athletes Of The World. The letter calls on FIFA to replace Aramco with alternative sponsors whose values align with gender equality, human rights and the safe future of our planet, and to give players a voice

Saudi Aramco raises $3 billion from bonds in second debt sale since July

The world's top oil exporter raised $6 billion from a three-tranche bond sale in July

Aramco reports lower half-yr profits as economic worries dampen energy rate

Saudi oil giant Aramco reported half-year profits Tuesday of USD 56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy. Aramco, formally known as the Saudi Arabian Oil Co., said its overall revenue for the half-year was USD 220.7 billion, up from USD 218.6 billion the year before. Profits in 2023 were USD 61.9 billion, nearly USD 5 billion higher. The decrease was primarily a result of lower crude oil volumes sold, weakening refining margins and lower finance and other income, Aramco said in a filing on Riyadh's Tadawul stock exchange. This was partially offset by higher crude oil prices and lower production royalties compared to the same period last year and lower income taxes and zakat, or Islamic charitable contributions. Saudi Arabia, a leader in the OPEC cartel, has allied with Russia and others outside of the group to try to keep production down to boost global oil prices. Benchmark Brent crude traded around USD 77 a barrel