Oil major Saudi Aramco has finalised the acquisition of a 40% stake in gas & oil Pakistan, marking its entry into Pakistan's downstream fuel sector.

Saudi Aramco's acquisition spree

Saudi Arabia's state-owned oil giant Aramco said on Sunday it boosted its dividends last year despite net profit falling to $121.3 billion from a record $161.1 billion in 2022 on lower oil prices.

Saudi Aramco profit falls to USD 121.3 bn due to lower oil prices

Saudi Arabia's oil Behemoth Aaron KO reveals a dramatic 40 drop in profits for the second quarter Aaron core reported 30.07 billion dollars in net profit for the second quarter a drop of nearly 40 from the 48.4 billion dollars recorded in the same period just last year now who's the culprit here. What's the culprit here lower crude oil prices and weakening refining and chemicals margins the oil sector's roller coaster continues as Adam core's plummeting profits align with industry Trends this decline echoes in the financial results of other energy giants like BP Exxon Mobil shell and total energies who have all struggled with reduced earnings due to the drag of a weaker oil prices as Adam core navigates this period of uncertainty Global attention turns towards the upcoming U.N climate talks hosted by the United Arab Emirates with increased pressure to reduce Reliance on fossil fuels these events will serve as a pivotal drop backdrop for discussions on sustainable energy strategies

Saudi Aramco's Q2 report shows earnings dip

Saudi Aramco's plans for the mega IPO of its energy-trading business have been postponed, as the state-controlled oil giant slows down preparations. The IPO, expected to be one of the world's largest, is now likely to be delayed until next year unless market conditions improve. The company earnings took a hit, with a 19% decline attributed to falling oil prices. The company reported a net income of $31.9 billion, down from $39.5 billion the previous year.

Saudi Aramco's mega IPO plan postponed

Apple may have briefly been overtaken by Saudi Aramco as the world's most valuable company before clawing back to that position. But Aramco seems like a more attractive stock for shareholder returns and the reason for that is dividends!

Saudi Aramco's dividends to jump to $20 bn

British Chancellor Kwasi Kwarteng has had a rough start to his new job. Now, it has come to light that Kwarteng met senior executives of Saudi Arabian oil firms in rather clandestine meetings when he was the business secretary, per a Guardian report.

British Chancellor Kwasi Kwarteng held clandestine meetings with Saudi oil executives: Report

Saudi Arabia's national petroleum and gas company Saudi Aramco has overtaken Apple to become the world's most valuable company. Saudi Aramco is valued at $2.43 Trillion. Palki Sharma brings you the story of the company's rise.

Gravitas: Saudi Aramco overtakes Apple to become the most-valuable company

After surging oil prices propelled shares of the world's largest crude exporter to record highs, Saudi Aramco has surpassed Apple as the world's most valuable company, while a broader tech stock sell-off weighs on the iPhone manufacturer.

Saudi Aramco surpasses Apple; is now world’s most valued company

As part of a strategy to boost upstream business in an attempt to achieve energy security, Saudi Aramco has said it will increase crude and gas production over the next few years.

Saudi Aramco says annual profit more than doubled in 2021; plans to ramp up investment to boost production

Saudi Arabia's Crown Prince Mohammed bin Salman said that kingdom is in discussions with the leading global energy firm to sell 1 percent of state oil firm Saudi Aramco's share holding to boost its sales.

World Business Watch: Prince Salman says Saudi Arabia in talks to sell 1% stake in Aramco

An explosion was reported on a ship near the Saudi Arabian port city of Jeddah, Sputnik reported citing the United Kingdom Maritime Trade Operations (UKMTO). "UKMTO is aware an MT has experienced an explosion .

Explosion on a ship in Saudi Aramco Jeddha Port area

Saudi Aramco has started laying off hundreds of employees this month due to slump in oil and gas demand globally.

WION Dispatch: Saudi Aramco cuts hundreds of jobs

Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit

Saudi Aramco Q1 net profit slides 25% as oil prices fall

A fire and explosion has killed four at the refining and petrochemicals complex in southern Malaysia that is owned by Petronas and Saudi Aramco, state news agency Bernama reported on Monday, citing authorities.

Four dead in fire at Petronas-Aramco refining complex in Malaysia

Oil prices rose ten per cent on Tuesday after Russia indicated that it was open to cooperation with OPEC, a day after prices recorded biggest one-day percentage decline since the first Gulf War in 1991.

Oil prices rise 10% after Russia indicates 'open to cooperation with OPEC'

Saudi Arabia's Aramco facilities in Jizan targeted, claim Yemen's Houthis Yemen's Houthi movement claimed to have targeted Saudi Arabia's Aramco facilities in the port city of Jizan, reports said.

Top 10 world news today: Saudi Aramco Jizan facilities targeted, Coronavirus death toll rises and more

Now, Sundar Pichai-led Alphabet joins trillion dollar club

State-owned oil company Saudi Aramco said on Sunday it has exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.

Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Gulf stocks fell sharply in early trade on Sunday, led by Kuwaiti shares, on escalating tensions between the United States and Iran. Iranian military commander Qassem Soleimani, the architect of Tehran's overseas clandestine and military operations was killed on Friday in a US drone strike on his convoy at Baghdad airport.

Gulf markets plunge on US-Iran tensions, Kuwait lead fall

Is Government Curbing RIL Stake Sale To Aramco? #Gravitas #RIL #RelianceIndustries #WION

Gravitas: Reliance Vs Government Of India: The Story So Far

Mukesh Ambani's Reliance Industries Ltd (RIL) may have to disclose its assets before it can freeze plans to sell 20% stake in its refining and petrochemicals business to Saudi Aramco. #SaudiAramco #RelianceIndustries #MukeshAmbani #WION

Indian govt seeks to halt RIL's plan to sell stake to Aramco

Saudi Aramco shares gained for a third consecutive day on Sunday, rising 1.63% to 37.4 Saudi riyals ($9.97), pushing the company's value back towards the $2 trillion level it topped last week.

Saudi Aramco shares up 1.6% in third consecutive day of gains

Is Aramco Really Worth $2 Trillion? #WION #Gravitas #SaudiAramco

Gravitas: Inside Saudi Arabia's oil politics

World's Most Profitable Company: Saudi Aramco #WION #Gravitas #SaudiAramco

Gravitas: Why Aramco IPO is still a disappointment

saudi-aramco

Saudi Aramco, News on Saudi Aramco, stories on Saudi Aramco, articles on Saudi Aramco, Saudi Aramco stories at Wion, Saudi Aramco news, Saudi Aramco latest news

saudi aramco