Company Insights Saudi Aramco Oil & Gas Latest Saudi Aramco DevelopmentsAI Insights Saudi Aramco will pay a dividend of 80 billion Saudi Riyal (21.4 billion US dollars) for the fourth quarter of 2024, despite a 12 percent drop in its full-year net profit to 106 billion US dollars4. The company reduced crude oil prices for Asian buyers in April by 40 cents to 3.50 US dollars a barrel above the average of Oman and Dubai prices5. Saudi Aramco's shipments of crude oil to China, its largest customer, are set to decrease in April to around 35.5 million barrels due to scheduled maintenance at several refineries3. Saudi Aramco plans to increase its petrochemical production capacity by up to four million barrels per day by 2030. The company will focus on expanding its presence in Asia, where it holds stakes in several large projects in China, Malaysia and South Korea2. Saudi Aramco raised 29.4 billion US dollars in its domestic initial public offer in 2019, the largest public debut of a company at the time1. Saudi Aramco Overview Saudi Aramco is the majority state-owned energy company of Saudi Arabia. One of the top five largest companies by revenue in the world, the petroleum and natural gas company was founded in 1933 as California-Arabian Standard Oil. The company’s shares began trading on the Tadawul stock exchange in 2019, when it raised US$25.6 billion, the world’s largest IPO. Aramco’s headquarters are in Dhahran in Saudi Arabia’s eastern province. It runs more than one hundred oil and gas fields in Saudi Arabia, including more than 288 trillion standard cubic feet of natural gas reserves. It produces the most oil in the world – more than 12 million barrels of oil equivalent per day. Its Master Gas System, an extensive network of pipelines that connects key gas production and processing sites, is one of the world’s largest hydrocarbon networks. Aramco’s global operations cover exploration, production, refining, chemicals, distribution and marketing, all of which are monitored by the Saudi Arabian Ministry of Petroleum and Mineral Resources and the Supreme Council for Petroleum and Minerals. Subsidiaries include Sabic, Petro Rabigh, Satorp, Aramco Trading, Yanbu, Yasref, S-Oil and Wa’ed Ventures. Saudi Aramco says it is committed to sustainability and is playing a part in the energy transition by developing hydrogen and carbon capture technologies. It is also investing more in climate tech, AI, quantum computing and other Saudi Arabian tech startups. Saudi Aramco News Oil & Gas Saudi Arabia may cut May oil prices for Asia to three-month low Top oil exporter Saudi Arabia may lower its crude prices for Asian buyers in May to a three-month low, tracking the steep declines in benchmark prices this month, traders said. The May official selling price (OSP) for flagship Arab Light crude may decline by $1.80 to $2 a barrel from April, four Asian refining sources […] March 28, 2025 Oil & Gas Saudi Aramco considering investment in Indian refineries Saudi Aramco is in talks to invest in two planned refineries in India as the world’s top oil exporter looks for a stable outlet for its crude in the world’s fastest-growing emerging market, several Indian sources with direct knowledge of the matter said. India, the world’s third-biggest oil consumer and importer, wants to become a […] March 27, 2025 Renewable Energy Aramco buys 50% of local blue hydrogen producer Saudi Aramco has purchased a 50 percent stake in a low-carbon hydrogen production plant in Jubail, a city on the Gulf, owned by a unit of the Saudi Arabia-based company Air Products Qudra (APQ). The stake buyout will enable Blue Hydrogen Industrial Gases Company (BHIG), a wholly owned subsidiary of APQ, to provide blue hydrogen […] March 26, 2025 Analysis Banking & Finance Riyadh’s financial ambitions bump up against hard reality Saudi Arabia wants to emulate London or Hong Kong in the international money markets and become a global financial centre, Saudi investment minister Khalid Al-Falih said at a capital markets conference in Riyadh in February. “We need to channel global capital,” he said. “We want to become a regional financial hub.” But judging by the […] March 26, 2025 Oil & Gas Aramco looks at China’s potential growth sectors Saudi Aramco is exploring new opportunities in China’s energy, chemicals and technology sectors, president and CEO Amin Nasser has said. China occupies a key position in Aramco’s global strategy, he told the China Development Forum in Beijing on Monday. The Saudi-listed company is supporting China’s energy and chemical feedstock security by investing in multiple downstream projects, Nasser […] March 25, 2025 Opinion Trade Why Gulf investors are betting big on Trump’s America Now 'their man' is back in the White House, Gulf states are backing him with their huge capital reserves March 24, 2025 EXCLUSIVE Giga-projects PIF spending cuts slow giga-projects and trigger layoffs Saudi Arabia orders deep cuts 20% reduction in spending 50 development companies affected Saudi Arabia’s $925 billion Public Investment Fund (PIF) has ordered deep spending cuts across more than 100 of its companies, slowing projects an... Register now: It’s easy and free This content is available for registered members only. Register for your free account […] March 24, 2025 Oil & Gas Saudi Aramco buys Peruvian fuel distributor Saudi Aramco has agreed to buy fuel distributor Primax, which has operations in Peru, Colombia and Ecuador, Peruvian newspaper Gestion reported, citing sources familiar with the deal. Primax, owned by Peruvian conglomerate Grupo Romero, has 2,185 gas stations in the three South American countries. The deal with Aramco included a payment of around $3.5 billion, Gestion […] March 24, 2025 Finance International investors target Saudi IPOs and smaller caps Better stock price performance Active investors growing On-the-ground research Emerging market investors are increasingly targeting Saudi Arabia’s smaller listed companies and initial public offerings, because of their better stock pric... Register now: It’s easy and free This content is available for registered members only. Register for your free account today for exclusive emails, special reports […] March 24, 2025 Energy Aramco launches its first carbon capture facility Saudi Aramco has launched its first facility to remove carbon dioxide (CO2) from the air in a joint venture with Siemens. This is the company’s first direct air capture (DAC) facility as it seeks to curb CO2 emissions. The facility, a pilot project developed with Siemens Energy, is designed to remove 12 tonnes of CO2 […] March 21, 2025 Posts navigation 1 2 … 49 Next
Oil & Gas Saudi Arabia may cut May oil prices for Asia to three-month low Top oil exporter Saudi Arabia may lower its crude prices for Asian buyers in May to a three-month low, tracking the steep declines in benchmark prices this month, traders said. The May official selling price (OSP) for flagship Arab Light crude may decline by $1.80 to $2 a barrel from April, four Asian refining sources […] March 28, 2025
Oil & Gas Saudi Aramco considering investment in Indian refineries Saudi Aramco is in talks to invest in two planned refineries in India as the world’s top oil exporter looks for a stable outlet for its crude in the world’s fastest-growing emerging market, several Indian sources with direct knowledge of the matter said. India, the world’s third-biggest oil consumer and importer, wants to become a […] March 27, 2025
Renewable Energy Aramco buys 50% of local blue hydrogen producer Saudi Aramco has purchased a 50 percent stake in a low-carbon hydrogen production plant in Jubail, a city on the Gulf, owned by a unit of the Saudi Arabia-based company Air Products Qudra (APQ). The stake buyout will enable Blue Hydrogen Industrial Gases Company (BHIG), a wholly owned subsidiary of APQ, to provide blue hydrogen […] March 26, 2025
Analysis Banking & Finance Riyadh’s financial ambitions bump up against hard reality Saudi Arabia wants to emulate London or Hong Kong in the international money markets and become a global financial centre, Saudi investment minister Khalid Al-Falih said at a capital markets conference in Riyadh in February. “We need to channel global capital,” he said. “We want to become a regional financial hub.” But judging by the […] March 26, 2025
Oil & Gas Aramco looks at China’s potential growth sectors Saudi Aramco is exploring new opportunities in China’s energy, chemicals and technology sectors, president and CEO Amin Nasser has said. China occupies a key position in Aramco’s global strategy, he told the China Development Forum in Beijing on Monday. The Saudi-listed company is supporting China’s energy and chemical feedstock security by investing in multiple downstream projects, Nasser […] March 25, 2025
Opinion Trade Why Gulf investors are betting big on Trump’s America Now 'their man' is back in the White House, Gulf states are backing him with their huge capital reserves March 24, 2025
EXCLUSIVE Giga-projects PIF spending cuts slow giga-projects and trigger layoffs Saudi Arabia orders deep cuts 20% reduction in spending 50 development companies affected Saudi Arabia’s $925 billion Public Investment Fund (PIF) has ordered deep spending cuts across more than 100 of its companies, slowing projects an... Register now: It’s easy and free This content is available for registered members only. Register for your free account […] March 24, 2025
Oil & Gas Saudi Aramco buys Peruvian fuel distributor Saudi Aramco has agreed to buy fuel distributor Primax, which has operations in Peru, Colombia and Ecuador, Peruvian newspaper Gestion reported, citing sources familiar with the deal. Primax, owned by Peruvian conglomerate Grupo Romero, has 2,185 gas stations in the three South American countries. The deal with Aramco included a payment of around $3.5 billion, Gestion […] March 24, 2025
Finance International investors target Saudi IPOs and smaller caps Better stock price performance Active investors growing On-the-ground research Emerging market investors are increasingly targeting Saudi Arabia’s smaller listed companies and initial public offerings, because of their better stock pric... Register now: It’s easy and free This content is available for registered members only. Register for your free account today for exclusive emails, special reports […] March 24, 2025
Energy Aramco launches its first carbon capture facility Saudi Aramco has launched its first facility to remove carbon dioxide (CO2) from the air in a joint venture with Siemens. This is the company’s first direct air capture (DAC) facility as it seeks to curb CO2 emissions. The facility, a pilot project developed with Siemens Energy, is designed to remove 12 tonnes of CO2 […] March 21, 2025
