Energy shock shows need to rethink green transition, Aramco chief says

The energy shock sparked by the war in Ukraine has shown the need to overhaul green energy transition plans and maintain investment in oil and gas production, according to Saudi Aramco’s chief executive. Speaking on the sidelines of the World Economic Forum in Davos, Amin Nasser said under-investment in hydrocarbon projects, which are intended to … Read more

Saudi Aramco weighs IPO of trading unit amid oil boom

Breadcrumb Trail Links Oil & Gas FP Investor FP Energy Commodities At US$30 billion, it could be one of the world’s biggest listings this year Author of the article: Julia Fioretti, Nicolas Parasie, Matthew Martin and Dinesh Nair,  Bloomberg News The Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia. Saudi … Read more

Saudi Aramco to boost oil production spending to help meet rise in demand

Saudi Aramco has said it will boost spending on oil production to meet rising energy demand as chief executive Amin Nasser criticised “totally unrealistic” plans to swiftly transition the world away from fossil fuels. The world’s biggest oil exporter said years of under-investment in the oil industry was threatening global energy security even as the … Read more

Saudi Aramco net profit soars 82% in Q1 on high oil prices By Reuters

© Reuters. FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo By Hadeel Al Sayegh and Saeed Azhar DUBAI (Reuters) -State-owned oil producer Saudi Aramco (TADAWUL:) on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, … Read more

Saudi Aramco overtakes Apple as the world’s most valuable company

Saudi Aramco has overtaken Apple as the world’s most valuable company after higher oil prices pushed shares of the world’s biggest crude exporter to record levels, while a broader tech stock sell-off weighs on the iPhone maker. The Saudi Arabian oil company’s market capitalisation on Wednesday was $2.426tn, exceeding Apple’s $2.415tn by just over $10bn. … Read more

LIC IPO investment: LIC IPO: Why FIIs aren’t impressed with India’s Aramco moment

Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop. With just hours to go until the end of the subscription period for the $2.7 billion initial public offering of Life Insurance Corporation of India, foreign institutional funds have … Read more