Saudi Aramco
| Use attributes for filter ! | |
| Ceo | Amin H. Nasser |
|---|---|
| Revenue | 355. 9 billion USD (2018) |
| Headquarters | Dhahran |
| Saudi Arabia | |
| Net income | 111. 1 billion USD (2018) |
| Subsidiaries | Saudi Electricity Company |
| Did you know | Saudi Aramco is the world's largest oil and gas company by revenue ($465. 49 B). |
| Date of Reg. | |
| Date of Upd. | |
| ID | 950783 |
About Saudi Aramco
Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. It is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world.
Maharashtra: The Indians taking on giant Saudi-backed refinery
... In late April, angry protests erupted in Ratnagiri district of the western Indian state of Maharashtra when authorities began testing the soil for the mega project to be built by a consortium of Indian state-run oil majors and global giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC)...
BP profit jump sparks calls for bigger windfall tax
... Overnight, oil giant Saudi Aramco said it had made a profit of $42...
Saudi Aramco: Oil giant sees profits jump as prices surge
...Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world...
Big banks fund new oil and gas despite net zero pledges
... The fossil fuel giants receiving the funding included Exxon Mobil, Shell, BP, and Saudi Aramco...
Climate change: Five dealmakers who will influence the outcome at COP26
... Formerly an employee of state oil company Saudi Aramco, Mr Shasly now wears many hats...
Saudi Aramco raises $25. 6bn in world's biggest share sale
...State-owned oil giant Saudi Aramco has raised a record $25...
Saudi Aramco unveils next stage of blockbuster flotation
... Oil giant Saudi Aramco s long-awaited prospectus said individual retail investors will have a chance to buy shares as well as big institutions...
Saudi Aramco IPO: World's most profitable company to go public
...Saudi Aramco has confirmed that it plans to list on the Riyadh stock exchange, in what could be the world s largest initial public offering (IPO)...
Saudi Aramco: Oil giant sees profits jump as prices surge
Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around The World .
The state-owned energy giant saw an 82% jump in profits, with net income topping $39. 5bn (£32. 2bn) in The First quarter.
, The Firm said it had been boosted by higher prices, as well as an increase in production.
The Invasion of Ukraine has seen oil and gas prices skyrocket.
Russia is One of The World 's biggest exporters but Western nations have pledged to cut their dependence on the country for energy.
Oil prices were already rising before the Ukraine war as economies started to recover from the Covid pandemic and demand outstripped supply.
Other energy firms including Shell, BP and TotalEnergies have also reported soaring profits as a result, although many are incurring costs exiting operations in Russia.
Energy security 'vital'Aramco's president and chief executive, Amin Nasser, said on Sunday that The Company was " focused on helping meet The World 's demand for energy that is reliable, affordable and increasingly sustainable".
" Energy security is vital and We Are investing for the long-term, " he added.
In March, and boost output significantly over The Next five to eight years.
Prime Minister Boris Johnson visited The World 's biggest oil exporter that month to try to persuade it to release more oil into world markets in the short-term.
Saudi Arabia is the largest producer in the oil cartel Opec (Organization of the Petroleum Exporting Countries) and by raising production it could help to reduce energy prices.
But the country has been condemned for a range of Human Rights abuses: its involvement in The Conflict in neighbouring Yemen, the murder in 2018 of journalist Jamal Khashoggi , for jailing dissidents and for widespread use of Capital Punishment .
Aramco itself also faces security challenges because of The Conflict in Yemen, with Huthi rebels targeting some of its sites and temporarily knocking out a big portion of The Kingdom 's crude production.
Its latest set of results come days after as The World 's most valuable company from Apple for the First Time in almost two years.
Aramco also announced on Sunday it would issue 20 billion bonus shares to shareholders - One share for every 10 shares already owned.
Source of news: bbc.com
