Q1 profit down 4.6% YoY as average realised crude oil price falls over 8%; Result beats median estimate; $21.36bn in dividends announced
Saudi Aramco
Latest in Saudi Aramco
EPC contract
Aramco extends NMDC Energy’s Long-Term Agreement by three years
The Abu Dhabi company also granted an option for an additional three years; Earlier LTA with the Saudi company signed in 2016
Aramco
Aramco and Sinopec sign agreement for major expansion at Yasref
On Yasref’s 10th anniversary, the partners announce a new petrochemical unit, a 1.8mtpa mixed feed steam cracker and 1.5mtpa aromatics complex
Aramco
Terra Drone, Aramco sign pact to advance drone, AI tech for Saudi oil & gas sector
The partnership will jointly work to accelerate localisation initiatives in these fields in the Kingdom
5G
Qualcomm, Aramco Digital partner to launch world’s first AI-enabled 5G industrial smartphones
The new service will initially focus on advanced industrial solutions for Aramco
Aramco
Saudi Aramco steeply raises Arab Light official prices for Asia
The oil exporter steeply increased crude prices for March shipments across all other regions as well
Aramco
Aramco signs $9bn of deals at iktva forum in Saudi Arabia
Aramco signed 145 agreements as it looks to boost In-Kingdom Total Value Add
Almarai
S&P Global believes rated companies will absorb Saudi diesel price hike
Company maintains ratings for SABIC, Almarai and SEC, saying the price rise will only lead to a marginal increase in production costs for them
Saudi Arabia
Saudi Aramco unit in talks to invest $1bn in US software maker Mavenir: Report
The likely deal by Aramco Digital would be its first major transaction in the telecommunications industry as part of Saudi Arabia’s Vision 2030 plan
Aramco
Aramco, Rongsheng Petrochemical sign agreement to drive SASREF expansion
The pact is to expand SASREF’s refining and petrochemical capabilities, while fostering international collaboration
Arab Light Crude
Saudi Arabia may cut October crude oil prices for Asia: Report
Worsening refining margins in China and the wider Asian region are among the factors cited for the expected price cut
Aramco
Aramco plans $124bn dividends in 2024
Aramco has declared plans to declare industry-leading total dividends in 2024