Tag: Aramco
ARAMCO and local companies back COVID-19 aid initiatives in the Basque Country
ARAMCO, a world leading energy and chemicals company, is backing an aid program to mitigate the effects of coronavirus on Basque society. The program,...
Aramco Shakes Up Top Management as It Adjusts to Oil’s Crash
(Bloomberg) -- Saudi Aramco reshuffled its senior management and created a division focused on “portfolio optimization,” as the world’s biggest oil producer adapts to low crude...
Aramco Slashes Spending as Virus Erases Oil Demand Growth
(Bloomberg) -- Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are...
Key to Aramco’s Calm January Lies in Hands of Saudi Stock Owners
(Bloomberg) -- January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares...
Aramco International Listing ‘Still on the Cards,’ Saudi Minister Says
(Bloomberg) --Saudi Aramco is still considering listing shares abroad, the kingdom’s Finance Minister Mohammed Al-Jadaan said.
“It’s still on the cards, we made that very...
Sabic, Aramco Decision on Crude-to-Chemical Facility Expected in Q2 2020
(Bloomberg) --Saudi Basic Industries Corp. and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility...
Morgan Stanley Is Biggest Aramco Bear as Banks Begin Ratings
(Bloomberg) --A month after the world’s largest initial public offering, Saudi Aramco’s investment banks aren’t exactly bullish, with most recommending investors avoid the stock...
World’s Biggest IPO Got Bigger: Aramco IPO at $29.4 Billion
(Bloomberg) --The world’s biggest initial public offering turned out even bigger than initially thought.
The final amount raised by Saudi Aramco’s sale totaled $29.4 billion...
Saudi Aramco Energy Ventures Readies New Fund, Beijing Office
(Bloomberg) --Saudi Aramco Energy Ventures, a unit of the kingdom’s energy company, is preparing to start a new fund this year after completing $500...
Saudi Aramco Props Up Slumping Middle East Energy Debt Market
(Bloomberg) --Gulf Arab energy companies took on marginally more total debt in 2019 compared with the previous year, but the increase was skewed by...