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Tag: Saudi Aramco

World

At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters

October 27, 2021Michael Forsythe and Walt BogdanichComments Off on At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters

A letter signed by more than 1,100 employees has called for change at the consulting firm, which has advised at least 43 of the 100 most environmentally damaging companies.

World

As Western Oil Giants Cut Production, State-Owned Companies Step Up

October 14, 2021October 14, 2021CLIFFORD KRAUSSComments Off on As Western Oil Giants Cut Production, State-Owned Companies Step Up

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.

World

Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank

August 9, 2020STANLEY REEDComments Off on 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.

World

Behind the Russia-Saudi Breakup, Calculations and Miscalculations

March 10, 2020March 11, 2020Andrew Higgins and Andrew E. KramerComments Off on 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.

World

Saudi Arabia’s Crown Prince Had Been Lying Low. That’s Over.

March 9, 2020March 9, 2020DAVID D. KIRKPATRICKComments Off on 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.

World

Saudi Arabia Insisted Aramco Was Worth $2 Trillion. Now It Is.

December 16, 2019December 16, 2019STANLEY REEDComments Off on 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.

World

Saudi Aramco Stock Surges, but Questions Loom

December 11, 2019December 11, 2019STANLEY REEDComments Off on 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.

World

How Aramco’s Huge I.P.O. Fell Short of Saudi Prince’s Wish

December 6, 2019Kate Kelly and Stanley ReedComments Off on 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.

World

Saudi Aramco to Raise $25.6 Billion in Biggest I.P.O. Ever

December 5, 2019December 6, 2019Kate Kelly and Stanley ReedComments Off on 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.

World

Saudi Arabia Is Stepping Up Crackdown on Dissent, Rights Groups Say

November 26, 2019VIVIAN YEEComments Off on 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.

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