Daily Standup Top Stories What Is COP28 and Why Is It Important? November 25, 2023 Mariel Alumit World leaders are due to gather for annual climate change talks in Dubai in December. On the agenda: the phase down — or even phase out — of fossil fuels, a global goal to help the world adapt […] ESG Moment of Truth […]
Continue ReadingAramco maintained its payout to the Saudi government and investors at $29.4 billion, helping state finances amid a widening budget deficit. The world’s biggest crude oil exporter maintained the payout at the preceding quarter’s level despite third-quarter net income dropping 23 percent to $32.6 billion compared with a year earlier, according to a statement. Aramco provides much […]
Continue ReadingSaudi Arabian state oil producer Aramco beat forecasts on Nov. 1 with a 39% jump in third-quarter net income and reported record free cash flows, joining rivals in benefiting from higher prices and robust demand. Aramco\’s net income rose to $42.4 billion for the three months to Sept. 30 from $30.4 billion a year earlier, it said in a regulatory filing. That was just above the median forecast of $41.7 […]
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Saudi Aramco\’s total hydrocarbon output reached 14.4 million b/d of oil equivalent in the third quarter of 2022, as Saudi Arabia, the world\’s largest oil exporting country brought on more supply to the oil markets over summer, the company said during its Q3 financial results Nov. 1. Output reached 11.02 million b/d in September, close […]
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