Page 7 - Saudi Aramco

Saudi Aramco hits $2-trn valuation on back of higher oil prices

Saudi Arabia's oil company Aramco reached a $2 trillion valuation as it hit near record levels Wednesday during trading hours. Its market cap value puts Aramco just behind Microsoft and Apple as the world's most valuable company. It comes as crude oil prices climb to over $82 a barrel, the highest in seven years. Demand for energy is picking up, despite the ongoing coronavirus pandemic's continued toll on travel and other key gas-guzzling sectors. Aramco is mostly owned by the government of Saudi Arabia, with just under 2% of the company publicly listed on the Saudi Tadawul stock exchange. Aramco was trading at around 37.6 riyals a share, or a few cents over $10 a share, by midday Wednesday before dipping to 37.2 riyals a share, or around $9.92 a share. It remains to be seen whether it can hold this rally until trading closes. Saudi Crown Prince Mohammed bin Salman was the architect behind the effort to publicly list a sliver of Aramco in late 2019, touting it as a way to raise ..

In Focus: Reliance Industries the latest target of shareholder activism?

One of the world's largest institutional investors has locked horns with RIL over its appointment of the Saudi Aramco chairman as an independent director. Do they have a real case, legally speaking?

RIL backs Saudi Aramco chairman appointment as independent director

Reiterates that his induction has no connection with Saudi Aramco's plans to buy a stake in RIL's oil-to-chemical business

Reliance Industries backs Saudi Aramco chairman as independent director

RIL said in a stock exchange filing that the appointment of Yasir Al-Rumayyan will 'benefit Reliance through the transition from oil to chemicals and the aim to achieve Net Carbon Zero by 2035'

Californian pension fund opposes Saudi appointment on RIL board

Proxy advisory firm questions Saudi Aramco's chairman Yasir Al-Rumayyan's 'independence' on RIL board

US pension fund to vote against Aramco chair for Reliance board: Report

The California State Teachers' Retirement Fund has decided to vote against the appointment of Saudi Aramco's chairman as an independent director to the board of RIL, BloombergQuint reported

Saudi Aramco may open $110-billion gas project to foreign investors

It has started preliminary talks with potential investors including large commodity traders, according to the peope.

$86 bn of takeovers, but big oil's merger mania has an eye on its demise

Deal activity doesn't suggest an industry gearing up for a rally in demand.

Aramco in advanced talks to buy stock worth $25 bn in Reliance: Report

Reliance could reach an agreement with energy firm as soon as the coming weeks.

Saudi Aramco aims to raise at least $17 billion from gas pipeline: Report

The deal size may include $3.5 billion of equity and the remainder will be funded by bank debt, one source said, while another source said the transact .

RIL gains nearly 3% on reports of Aramco eyeing stake buy in its O2C biz

Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in the company's oil refining and chemicals (O2C) business, a Bloomberg report said

Saudi Aramco Q2 profit up on higher prices, declares $18.8 bn as dividend

Company says its results were supported by the global easing of Covid-19 restrictions, vaccination campaigns

Aramco faces $50-mn extortion bid over data leak, but denies breach

The global energy industry has seen a ramp up in cyber attacks with Colonial Pipeline becoming the most visible of late

Global ambition: Al-Rumayyan's onboarding just the start for RIL

Saudi Aramco will also get a board seat in RIL's newly carved out oil to chemicals subsidiary

RIL reinvents, again

The scale of its green energy debut is stunning

RIL offers board seat to Saudi Aramco's Yasir Al-Rumayyan in global push

Success of partnership key to internationalisation plans, say RIL executives

Top headlines: Aramco chairman to join RIL board; Microsoft shows Windows11

Business Standard brings you the top news of the evening

Mukesh Ambani unveils 'New Reliance': Key announcements, road ahead for RIL

Reliance Industries Ltd on Thursday announced a Rs 75,000 crore investment in new energy business over the next three years as the operator of the world's largest oil refinery pivots towards a greener and cleaner version. In another big announcement, Reliance Industries Chairman Mukesh Ambani said Jio and Google have jointly developed a power-packed and affordable smartphone 'JioPhone Next', which will be available in the market from September 10. Ambani promised that JioPhone Next will be the most affordable smartphone not just in India but globally. Watch this video for key announcements and road ahead for the company from our experts.

Analysts expect Aramco deal update, ground-breaking products in RIL AGM

In their base case scenario, Jefferies maintains a price target of Rs 2,540 on RIL stock - an upside of around 15 per cent from the current levels

Will the Chairman of Saudi Aramco join RIL's board? Wait for mega AGM

An announcement of Al-Rumayyan's induction on the RIL board or the board of the newly carved oil-to-chemical (O2C) unit may come as early as at the company's annual shareholder meeting on June 24