Page 11 - Saudi Aramco

Aramco suspends $10-bn China oil refinery venture as it plans capex cuts

Aramco plans deep cuts to its capital spending as it tries to maintain a $75-bn dividend amid low crude prices and rising debt

Apple becomes first US company to cross $2 trillion in market value

Shares in the company have surged since blowout quarterly results in July that saw the iPhone maker eclipse Saudi Aramco as the world's most valuable listed company

In pics: Reliance in Fortune's top 100 global companies; see top 10 list

According to the Fortune, this year, Global 500 companies employ 69.9 million people. Check out the list to know more

Saudi Aramco plans further spending cuts to pay for dividend: Report

The report says the new level of capital spending is largely dedicated to the state-owned group's exploration and production business and will hold for the next three years

OPEC+ has tricky balancing act keeping $40/b oil price floor

There is still a long way to go before Asian demand can be relied upon again

Aramco doing due diligence for buying 20% stake in Reliance's O2C biz: CEO

Ambani had at RIL's AGM last month stated that the Aramco deal had been delayed "due to unforeseen circumstances in the energy market and the Covid-19 situation"

Aramco still working on deal to buy $15 bn stake in Reliance Industries

Reliance's shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed "due to unforeseen circumstances in the energy market and the Covid-19 situation."

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut

West Texas Intermediate crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel

Saudi Aramco says it still plans to pay $75 billion in dividends for 2020

Payouts to minority shareholders as pledged are protected for five years

Saudi Aramco's profit falls 73%; sticks with dividend despite debt surge

The results cap a turbulent period for the world's biggest oil exporter. Prices briefly turned negative in the US in April as the virus battered the global economy and Aramco slashed hundreds of jobs

Saudi Aramco CEO sees oil demand picking up as Covid-19 lockdowns ease

Saudi Aramco's Chief Executive Amin Nasser said on Sunday that he sees oil demand recovering in Asia as economies gradually open up after the easing of coronavirus lockdowns.

Saudi Aramco half-year profits plunge 50% due to Covid-19 pandemic impact

The company said it will uphold its commitment to pay out dividends of $18.75 billion for the second quarter

Apple beats Saudi Aramco, becomes most valuable publicly listed firm globally

After reporting blockbuster quarterly results, Apple's stock surged over 10% on Friday to end the session at $425.04, putting its market capitalisation at $1.82 trillion

Apple briefly overtakes Saudi Aramco to become the world's largest company

Shares of the company rose to a record high of $412 in early trading. Closing at that level will give it a market capitalization of $1.786 trillion

Reliance breaks into top 50 most valued companies globally, ranks 48

Globally, Saudi Aramco is the company with the highest market cap of $1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet

Buy calls increase for RIL shares on the back of big-ticket announcements

Ambani said the Aramco deal had not progressed according to the timeline because of unforeseen circumstances and Covid-19

Reliance Industries hints it's no longer desperate for Saudi Aramco deal

"Ambani's comment on the deal is a message to Aramco - RIL is no longer desperate for the deal," said an analyst who did not wish to be identified

Deal stalls as Aramco seeks 20% cut in Reliance's O2C business valuation

Ambani at Reliance's annual general meeting on Wednesday said the Aramco deal was delayed due to "unforeseen circumstances in the energy market and the Covid-19 situation"

Reliance's 20% stake sale to Saudi Aramco stalled over valuation: Report

Aramco wants India's Reliance to review its price for the oil-to-chemical business as the global valuation of oil assets has tumbled