aramco
- Middle East
Saudi Aramco profit surges 90% in Q2 amid rise in oil prices
Riyadh: The Saudi oil company, Aramco announced on Sunday that it achieved a record profit of 181.16 billion riyals (48.4 billion dollars) in the second quarter (Q2) of 2022, an increase of…
- Middle East
Saudi Aramco surpasses Apple; is now world’s most valued company
Riyadh: The market value of Saudi Arabia’s Aramco, the world’s largest oil company, has surpassed the American company Apple, making the Saudi oil giant the world’s top-valued company. This came after the…
- Middle East
Not responsible for oil shortages, says Saudi Arabia after attack on facility
Riyadh: Saudi Arabia’s Ministry of Energy on Friday said that the kingdom will not bear responsibility for the lack of oil supplies in global markets caused by Houthi attacks on its oil…
- Middle East
Saudi Arabia: Houthi attack causes massive fire at Aramco’s oil facility
Riyadh: The Arab coalition in Yemen, led by Saudi Arabia, announced that Iran-backed Houthi militia attacked a Saudi Aramco oil facility setting off a huge fire visible from Jeddah’s Formula 1 track as…
- Middle East
Saudi Aramco’s net profit rose by 124% in 2021
Riyadh: The Saudi Aramco announced that its net income in 2021 rose by 124 per cent, reaching $110 billion. The Saudi oil giant also declared a fourth-quarter dividend of $18.8 billion, to be…