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Saudi Aramco's Q2 profit drops 22% on lower oil prices

- Company posts $22.67B in net income, down from $29.07B in same period last year

05.08.2025 Oil

Aramco posts 4.8% drop in Q1 net income amid lower oil prices

- World's biggest crude exporter, posts net income of $26 billion for January-March period, down from $27.3 billion in Q1 2024

12.05.2025 Oil Finance

China-Saudi energy alliance challenges global geopolitical balance

- Ahead of US President's visit to Middle East on May 13, agreements signed between China's Sinopec and Saudi Aramco underscore growing energy partnership between Beijing and Riyadh

12.05.2025 Energy Diplomacy

Saudi oil giant Aramco's profit drops 12% in 2024 on lower prices, volumes

- World's biggest crude exporter announces net income of $106.2 billion in 2024

04.03.2025 Oil

Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

Aramco, China's Sinopec break ground on new petchem project in China

- Project expected to be fully operational by the end of 2030

18.11.2024 General

Saudi oil giant Aramco's net income drops 15.3% in 3Q24

- Decline linked to reduced crude oil prices and softer refining margins

05.11.2024 Oil

Saudi Arabia announces major oil, gas discoveries

- Saudi Arabia ranks as world's largest crude oil exporter

02.07.2024 Natural Gas Oil

Aramco awards contracts worth over $25B for strategic gas expansion projects

Multi-billion dollar investment targets phase two development of Jafurah unconventional gas field, phase three expansion of Aramco's Master Gas System, new gas rigs and capacity maintenance

01.07.2024 Natural Gas Oil

Saudi Arabia to hold approximately $12B share sale of oil giant Aramco

Saudi oil major to sell 1.545 billion shares at a price between 26.70 and 29 Saudi riyals per share

31.05.2024 Oil Finance

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Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24

-Company's revenue for January–March period reaches around $107.2 billion, compared to $111.3 billion for same quarter last year

07.05.2024 Oil Finance

Saudi oil giant Aramco to buy 10% stake in Chinese company Hengli Petrochemical

Aramco continues to ‘explore new opportunities in important markets, as we seek to progress in our liquids-to-chemicals strategy,’ says oil giant’s downstream president

22.04.2024 General

Aramco announces major expansion at Fadhili gas plant

- New project is expected to enlarge plant’s processing capacity from 2.5 standard cubic feet per day to 4 billion standard cubic feet per day, says oil major

02.04.2024 Natural Gas Oil

Head of Saudi oil giant Aramco calls for energy 'transition strategy re-set'

"We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions," says Aramco CEO

19.03.2024 Oil

Saudi oil giant Aramco reports $121.3B net income in 2023

Despite roughly 25% decline, this was 2nd-highest-ever net income, says oil major

10.03.2024 Oil

Aramco signs 40 procurement deals worth $6 billion

National oil company Aramco aims to strengthen domestic supply chain, and contribute to development of energy services sector in Saudi Arabia

27.02.2024 General

Saudi Arabia cuts production to propel prices, revealing strategy over supply

- Saudi Arabia has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports

02.02.2024 Oil Finance Energy Diplomacy