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HomeSaudi Aramco

Saudi Aramco

Aramco
Exports

Aramco to Enter Global LNG With Stake in MidOcean Energy

September 29, 2023 Mariel Alumit

(Bloomberg) — Saudi Aramco agreed to buy a stake in MidOcean Energy for $500 million, its first investment in liquefied natural gas as the company seeks to diversify beyond its core oil business. Aramco is […]

Climate Crisis

UN experts challenge Saudi Aramco over climate change

August 28, 2023 Mariel Alumit

UN experts have written to oil firm Saudi Aramco and its financial backers challenging them on allegations that their activities are fuelling climate change-related negative impacts on human rights. A cache of correspondence was published […]

Aramco
Crude Oil News

Aramco Boosts Payout to Government, Investors to $29 Billion

August 7, 2023 Mariel Alumit

Aramco profit falls as lower prices, OPEC+ cuts hurt sales Performance dividend is on top of regular shareholder payout Saudi Aramco raised its payout to investors and Saudi Arabia’s government by more than half, in a […]

Massive Oil Refining Capacity Idle in China as Prices Soar
Downstream

Saudi Aramco Buys $3.4 Billion Stake In Chinese Petrochemical Firm

July 22, 2023 Mariel Alumit

Saudi Aramco said on Friday it had completed the purchase of a 10% stake in a Chinese petrochemical firm for the equivalent of $3.4 billion as the Saudi oil giant continues to expand its downstream footprint in […]

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 […]

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