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Saudi Aramco awards $25 billion in contracts for gas expansion

The contracts awarded include $12.4 billion for increasing gas output at Jafurah, plus $8.8 billion for expanding the so-called master gas system.

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.(Reuters)
Published on Jul 01, 2024 10:44 AM IST
Bloomberg |

Saudi Aramco’s $12 billion share sale: Dividends attract foreign investors

Saudi Aramco’s large dividend yields attract foreign investors amid climate change concerns and energy transition.

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.(REUTERS)
Published on Jun 06, 2024 07:39 PM IST

Saudi Aramco says Q1 profit down 14.5 percent

Net income was 102.27 billion riyals ($27.27 billion), down from 119.54 billion riyals ($31.88 billion) for the same period in 2023, Aramco said.

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France.(Reuters)
Published on May 07, 2024 12:22 PM IST
AFP |

UBS Capital Debate, Big Oil’s Buybacks: EMEA Earnings Week Ahead

The recent selloff in UBS Group AG shares underscores the Swiss bank’s challenge to demonstrate its Credit Suisse Group AG acquisition is on solid ground.

UBS Capital Debate, Big Oil’s Buybacks: EMEA Earnings Week Ahead
Published on May 06, 2024 12:35 PM IST
Bloomberg |

Saudi Aramco's profit drops to $121B in 2023 amid energy price decline

Saudi Aramco's 2023 profit drops to $121 billion from 2022's record of $161 billion due to lower energy prices.

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (REUTERS)
Updated on Mar 10, 2024 02:02 PM IST
AP |
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