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HomeSaudi Aramco

Saudi Aramco

BlackRock
ESG

Top Asset Manager BlackRock Names Saudi Aramco CEO To Board

July 19, 2023 Mariel Alumit

BlackRock has named Saudi Aramco’s chief executive Amin Nasser to the board of directors of the world’s biggest asset manager as an independent director. The CEO of the world’s largest oil company by oil production, exports, and […]

Saudi
Crude Oil News

Saudi Aramco looks to China and India to prop up oil markets

June 27, 2023 Mariel Alumit

Aramco’s CEO Amin Nasser believes that the oil market fundamentals remain generally “sound” for the rest of the year. “Although China is facing some economic headwinds, the transport and petrochemical sectors are still showing signs […]

ExxonMobil
Big Oil Companies

The World’s Largest Energy Companies In 2023: The Rise Of Aramco, ExxonMobil And The Rest

June 8, 2023 Mariel Alumit

Last year was a great time to be in the oil business. Thanks to high prices topping $120 a barrel in June 2022, ExxonMobil made a record $62 billion in profits, and advanced seven spots […]

Saudi
Big Oil Companies

Saudi Aramco reports record profit of $161.1 billion in 2022

March 13, 2023 Mariel Alumit

Summary Record net profit compares to $110 billion in 2021 Board recommends issuing bonus shares to eligible shareholders Aramco declares $19.5 billion dividend for Q4 DUBAI, March 12 (Reuters) – Saudi Arabian oil giant Aramco  on […]

Shell
Big Oil Companies

Will Shell And BP Use Their Mammoth Profits For Green Energy?

February 20, 2023 Mariel Alumit

BP and Shell announced record annual profits of £23bn and £32bn respectively for 2022. BP and Shell have pledged to spend £18bn and £25bn respectively over the current decade on domestic low and zero-carbon energy […]

Saudi
Climate Crisis

THE ESG THREAT: Saudi Aramco Says ESG Investing Threatens Energy Security

February 13, 2023 Mariel Alumit

Saudi Aramco’s top official warned Sunday that an increased focus on climate was undermining investment in oil and gas to the point where it now posed a threat to the world’s energy security. Global investments […]

Aramco
Crude Oil News

Aramco Discovers 2 New Unconventional Gas Fields

December 2, 2022 Mariel Alumit

Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, announced that Saudi Aramco has discovered two new unconventional natural gas fields in the eastern region, the Saudi Press Agency (SPA) reported this week. […]

A flame from a Saudi Aramco oil installation known as “Pump 3” burns brightly during sunset in the desert near the oil-rich area Al-Khurais.
Crude Oil News

Saudi Arabia’s “Green New Agenda” Doesn’t Include Cutting Oil Production

November 19, 2022 Mariel Alumit

The world’s biggest petroleum exporter, a country built with oil money, and a founding member of the most powerful oil cartel on Earth, is now styling itself as a pioneer of climate change solutions. At […]

Saudi
Earnings

Saudi Aramco Joins Oil Results Bonanza with 39% Jump in Net Income

November 1, 2022 Mariel Alumit

Saudi 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 […]

Saudi Aramco
Crude Oil News

Saudi Aramco Q3 output reaches 14.4 mil b/d of oil equivalent

November 1, 2022 Mariel Alumit

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 […]

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