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Saudi Aramco

Saudi Arabian petroleum and natural gas company

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Saudi Aramco: Saudi Arabian petroleum and natural gas company
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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Apple Hits $2-Trillion Market Cap [Video]

Apple Hits $2-Trillion Market Cap

Apple just became the first US-listed company to reach a $2 trillion market capitalization. Apple shares rose 1.2% to an all-time high of $467.84 per share on Wednesday to reach the $2-trillion..

Credit: Wochit News     Duration: 00:28Published
Apple Is The World's Most Valuable Company [Video]

Apple Is The World's Most Valuable Company

On Thursday, Apple released a blockbuster earnings report. On Friday, Apple shares surged as much as 7%. Apple's market capitalization briefly overtook Saudi Aramco's on Friday, dethroning the oil..

Credit: Wochit News     Duration: 00:34Published

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Exclusive: Saudi Aramco seeking to review price of SABIC deal - sources

Saudi 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 Malaysia

A 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 spending

Saudi 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 IPO

Saudi 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 plunge

Saudi 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 profit

Saudi 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 capacity

Oil 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 unravels

Shares 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 strikes

Yemen'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 targets

Yemen'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 Jizan

Yemen'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 billion

The 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 shares

State-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 gains

Saudi 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 trade

Saudi 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 riyals

Saudi 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 prediction

Saudis 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 doubts

Saudi 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 easing

Saudi 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 gains

Saudi 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 shares

Saudi 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 IPO

Saudi 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 debut

Saudi 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 minister

Saudi 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 debut

Saudi 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 valuation

Saudi 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 debut

The 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 -bourse

Saudi 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 debut

Saudi 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 price

Saudi 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 tranche

Non-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: statement

Saudi 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: TV

The 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 soar

OPEC 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 IPO

The 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 sale

The oil giant's listing is the biggest ever, surpassing that of China's Alibaba in 2014.
BBC News - Published

FACTBOX: Saudi Aramco: the oil colossus

State-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 IPO

State-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 - sources

Saudi 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


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