In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.
Tag: Saudi Aramco
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
The coronavirus pandemic took a major toll on the oil giant’s earnings, but Aramco will maintain its hefty dividend for shareholders.
Behind the Russia-Saudi Breakup, Calculations and Miscalculations
It was a marriage of convenience based on oil. When it came apart, it sent the markets reeling.
Saudi Arabia’s Crown Prince Had Been Lying Low. That’s Over.
Crown Prince Mohammed bin Salman seemed to be keeping a low profile. Then he detained senior members of the royal family and started an oil price war.
Saudi Arabia Insisted Aramco Was Worth $2 Trillion. Now It Is.
On their fourth trading day, shares closed with a value that eluded the oil company before its initial public offering.
Saudi Aramco Stock Surges, but Questions Loom
The oil giant’s shares reached prices on the Riyadh exchange that make it the world’s most valuable public company.
How Aramco’s Huge I.P.O. Fell Short of Saudi Prince’s Wish
As investors balked, some bankers and Saudi officials still hoped to achieve the crown prince’s target price of $2 trillion. They wound up settling for less.
Saudi Aramco to Raise $25.6 Billion in Biggest I.P.O. Ever
Aramco, the world’s largest oil company, set a price for its shares that marks the company’s value at $1.7 trillion.
Saudi Arabia Is Stepping Up Crackdown on Dissent, Rights Groups Say
At least eight people have been arrested this month, some of whom had not expressed criticism of the government in years, the groups said.
Saudi Aramco Sets Its Market Value at Up to $1.7 Trillion
The world’s largest oil company is providing more data for potential investors in its initial public offering, which is expected next month.