Saudi Aramco
13 stories related to this topic, newest first.
thesouthafrican.comSpaceX Plans to Price IPO at $1.75 Trillion Valuation as Early as June 11
SpaceX has moved up its IPO timeline and now expects to price shares as soon as June 11 with trading to begin on Nasdaq the following day. The company seeks to raise up to $75 billion at a $1.75 trillion valuation, which would surpass Saudi Aramco's 2019 record.
theedgemarkets.comSaudi Aramco Seeks at Least $10 Billion in Real Estate Sale and Leaseback
Saudi Aramco is pursuing a sale and leaseback transaction for its real estate assets that could raise at least $10 billion. The deal would include the company's residential community in Saudi Arabia's Eastern Province. OilPrice.com reported the plans on Wednesday, citing sources…
Substrate placeholder — needs reviewSaudi Aramco Q1 Profit Rises 26%; East-West Pipeline Reaches 7 Million Barrels Per Day
Saudi Aramco reported adjusted net income of $33.6 billion for the first quarter, beating forecasts, as its East-West pipeline reached maximum capacity of 7 million barrels per day amid disruptions from the Iran conflict. The company said the pipeline has helped mitigate global e…
america.cgtn.comOil Prices Remain Above $100 as Ceasefire Holds in Iran Conflict
Brent crude rose above $105 before settling near $105 a barrel after President Donald Trump rejected Iran's response to U.S. proposals to end the conflict. The Strait of Hormuz has been shut since late February, triggering sharp supply losses and profit surges at major energy com…
nationalobserver.comEnergy Supply Chains Need Several Months to Recover From Conflict
The chief executive of Saudi Aramco said that even in the most optimistic scenario, energy and commodity supply chains will require several months to return to pre-conflict traffic levels. Vessels are re-routing or remaining idle as they adjust to the situation. The assessment wa…
thehindubusinessline.comStrait of Hormuz Vessel Traffic Drops to 2-5 Ships Daily From 70
Saudi Aramco CEO Amin Nasser described the closure as the biggest energy supply shock ever and warned that prolonged disruption could delay market normalization until 2027. The market has already lost around 1 billion barrels, partly offset by alternative routes and reserves.
winnipegfreepress.comSaudi Aramco Q1 Profit Rises 26% as East-West Pipeline Reaches Full Capacity
Saudi Aramco reported adjusted net income of $33.6 billion for the first quarter, up 26% from a year earlier and beating analyst forecasts. The company's East-West Pipeline hit its maximum capacity of 7 million barrels per day amid disruptions in the Strait of Hormuz caused by th…
japantimes.co.jpSaudi Aramco Reports 26% Rise in First-Quarter Profit
The company said its net income for the first quarter reached levels supported by higher oil prices even as export volumes declined. The increase comes amid ongoing regional conflicts that have affected global energy markets. Saudi Aramco did not provide an absolute profit figure…
Financial TimesSaudi Aramco Q1 Profit Rises 26%
Saudi Aramco posted net profit of $33.6 billion for the first quarter as higher oil prices from the regional conflict offset lower production and exports. The company maximized use of its East-West pipeline to bypass the closed Strait of Hormuz. Meanwhile Toyota reported a £3 bil…
Substrate placeholder — needs reviewAramco Expands Investments in AI and Advanced Technologies
Saudi Aramco is increasing its involvement in artificial intelligence through its venture capital arm, focusing on deep-tech startups. The company manages $7.5 billion in assets and partners with Microsoft for AI solutions. These efforts aim to enhance operational efficiency and…
SemaforSaudi Aramco Publishes Content on Islamic World in Company Magazine
Saudi Aramco's company magazine has published stories about the Islamic world. The Paris Review noted these contributions as unexpected. The coverage includes writing on topics related to the region.
Orijentolog / Wikimedia (CC BY-SA 3.0)Iran Threatens to Target Saudi Aramco and UAE Pipelines if US Attacks Its Power Plants
Iranian state media reported that the Iranian military plans to add Saudi Arabia's Aramco oil facilities, its east-west pipeline, and the UAE's Fujairah pipeline to its targets in response to any US attack on Iranian power plants. The threat references potential actions by Presid…
Photo: Moslem Daneshzadeh / UnsplashIranian Military Source Warns of Targeting Saudi Aramco and Regional Oil Facilities if US Attacks Power Plants
Iranian state media Tasnim News Agency cited a military source stating that Iran would add Saudi Aramco oil facilities, Saudi Arabia's Yanbu refinery, and the UAE's Fujairah pipeline to its targets in response to any US attack on Iranian power plants. The warning references poten…