Saudi Aramco
Saudi Arabian petroleum and natural gas company
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Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian multinational petroleum and natural gas company based in Dhahran, Saudi Arabia.
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Exclusive: Saudi Aramco seeking to review price of SABIC deal - sourcesSaudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC's value following a slump in oil prices in coronavirus..Reuters - Published | |
Five dead in fire at Petronas-Aramco refining complex in MalaysiaA fire killed five people at a refining and petrochemicals complex in southern Malaysia owned by Petronas and Saudi Aramco, authorities said on Monday.Reuters - Published | |
Saudi Aramco's 2019 profit down 21%, cuts spendingSaudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes.Reuters - Published | |
Factbox: Aramco 2019 profit drops, a week after shares fell below IPOSaudi Arabia's state-run oil giant Saudi Aramco announced a drop in its 2019 profit of nearly 21% on Sunday, falling well below analysts' expectations just three months after selling shares to the..Reuters - Published | |
Aramco to cut capital spending over coronavirus; 2019 profits plungeSaudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted a plunge in profit for last year, missing forecasts in its first earnings..Reuters - Published | |
Saudi Aramco to cut capital spending in 2020, posts drop in 2019 profitSaudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, as it posted a 21% decline in 2019 net profit due to a drop in oil prices and production, its first..Reuters - Published | |
Oil falls as Saudi Aramco aims to increase output capacityOil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia's plans to boost oil production capacity for the first time in more than a decade and weakened demand due to the spread..Reuters - Published | |
Aramco trades below IPO price for first time, after OPEC pact unravelsShares of Saudi state oil company Aramco fell below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after the OPEC oil supply cut pact with..Reuters - Published | |
Saudi Aramco shares hit lowest since IPO, down over 2%Shares of Saudi Aramco hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in December following a record initial public offering, as oil prices plunged amid worries..Reuters - Published | |
Yemen's Houthis say recent attacks on Aramco, airports in response to air strikesYemen's Houthi military spokesman said on Friday the group had launched 26 rocket attacks in the past week against airports in southern Saudi Arabia, facilities belonging to oil giant Saudi Aramco and..Reuters - Published | |
Yemen's Houthis say they fired at Aramco, other Saudi targetsYemen's Iran-aligned Houthi movement said on Wednesday it had fired rocket and drone strikes at Saudi targets including Aramco oil facilities, the group's first claim of such attacks since it offered..Reuters - Published | |
Yemen's Houthis say they targeted Saudi Aramco facilities in JizanYemen's Iran-aligned Houthi movement said on Wednesday it had carried out operations targeting facilities belonging to Saudi Aramco in Jizan on the Red Sea, but there was no immediate confirmation from..Reuters - Published | |
As Aramco hails record IPO, Abu Dhabi's ADNOC whips up $19 billionThe talk's all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds - and its..Reuters - Published | Saudi Aramco raises IPO to record $29.4 billion by over-allotment of sharesState-owned oil company Saudi Aramco said on Sunday it had exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record..Reuters - Published |
Aramco shares up 1.6% in third consecutive day of gainsSaudi Aramco shares gained for a third consecutive day on Sunday, rising 1.63% to 37.4 Saudi riyal ($9.97), pushing the company's value back toward the $2 trillion level it topped last week.Reuters - Published | Aramco shares inch up in early Sunday tradeSaudi Aramco shares were up 1% at 37.2 riyals ($9.89) in early trade on Sunday.Reuters - Published |
Aramco indicative share price up slightly to 37 riyalsSaudi Aramco's shares went up slightly to 37 Saudi riyals ($9.87) in a pre-market auction on Sunday, Refinitiv data showed, putting the company's market value slightly below $2 trillion.Reuters - Published | Saudis hail 'fortune-telling' prince for Aramco price predictionSaudis took to Twitter to celebrate Aramco's valuation hitting $2 trillion on Thursday, with one posting praising de-facto leader Crown Prince Mohammed bin Salman as a fortune teller.Reuters - Published |
Saudi Aramco hits Crown Prince's $2 trillion goal despite valuation doubtsSaudi Aramco hit the $2 trillion target sought by de-facto Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares racked up a second day of gains, despite some scepticism about the..Reuters - Published | Saudi Aramco shares briefly hit $2 trillion before easingSaudi Aramco's shares opened up 10% in their second trading session on Thursday, briefly sending the state-owned oil company's market value above the $2 trillion target sought by Saudi leader Crown..Reuters - Published |
Saudi Aramco touches $2 trillion market value before paring gainsSaudi Aramco's shares jumped 10% at market open on Thursday to 38.7 riyals, implying a market value of $2 trillion, before dipping in early trade, Refinitiv data showed.Reuters - Published | 'Vindication' - Saudi Arabia hails 10% debut jump in Aramco sharesSaudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2..Reuters - Published |
Timeline: Saudi Aramco's winding road to an IPOSaudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought..Reuters - Published | Boost for Saudi Arabia as Aramco shares surge 10% on debutSaudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought..Reuters - Published |
Aramco IPO to help Saudi economy shift from oil: finance ministerSaudi Aramco's listing will boost the kingdom's efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the global buzz surrounding the deal will help lure..Reuters - Published | Saudi Aramco shares jump 10% on stock market debutSaudi Aramco shares opened up 10% on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.Reuters - Published |
Saudi Aramco shares open 10% above IPO price, garners $1.88 trillion valuationSaudi Aramco shares opened at 35.2 riyal ($9.39) on Wednesday, 10% above their IPO price of 32 riyals, in their first day of trading following a record initial public offering.Reuters - Published | Aramco shares jump in world's biggest ever market debutThe Saudi oil giant's share sale comes after months of uncertainty over the initial public offering.BBC News - Published |
Aramco to become world's largest listed company -bourseSaudi Aramco will become the world's largest listed company when it debuts on the kingdom's stock exchange on Wednesday, the bourse's chairwoman said.Reuters - Published | Saudi Aramco shares indicated up 10% from IPO price ahead of debutSaudi Aramco shares were indicated at 35.2 riyal ($9.39) each in the pre-market auction on Wednesday, 10% above their IPO price of 32 riyals, Refintiv data shows.Reuters - Published |
Saudi Aramco's indicative debut price seen at 35.2 riyals, 10% above IPO priceSaudi Aramco shares were indicated at 35.2 riyal ($9.39) each in the pre-market auction on Wednesday, 10% above their IPO price of 32 riyals, Refintiv data shows.Reuters - Published | Non-Saudi investors get 23% of Aramco IPO institutional trancheNon-Saudi investors in oil giant Saudi Aramco's initial public offering have been allocated 23.1% of the institutional tranche, one of the lead banks working on the transaction said on Tuesday.Reuters - Published |
Saudi Aramco will exercise 15% greenshoe option in whole or part during first 30 days of trading: statementSaudi Aramco will exercise its 15% greenshoe option in whole or part during the first 30 days of its trading period, its lead managers said.Reuters - Published | Saudi Aramco IPO proceeds rise to $29.4 billion after option exercised: TVThe proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading..Reuters - Published |
Saudi energy minister talks OPEC+ unity, backs Aramco to soarOPEC and its allies would only ease supply curbs and pump more oil once global crude inventories fall and pricing reflects a tighter market, Saudi Arabia's energy minister told Reuters.Reuters - Published | No Riyadh rush as many global investors steer clear of Aramco IPOThe Saudi Aramco IPO was supposed to be a cornerstone of Crown Prince Mohammed bin Salman's ambitious plan to open the gates to foreign investment in the kingdom. But there's no sign of a stampede.Reuters - Published |
Saudi Aramco raises $25.6bn in world's biggest share saleThe oil giant's listing is the biggest ever, surpassing that of China's Alibaba in 2014.BBC News - Published | FACTBOX: Saudi Aramco: the oil colossusState-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion..Reuters - Published |
Saudi Aramco says IPO priced at top to make it world's biggest IPOState-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, the company said on Thursday, making it the world's biggest flotation, above..Reuters - Published | Exclusive: Saudi Aramco pursues war cover after attacks - sourcesSaudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.Reuters - Published |
