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Saudi Aramco"s profits drop almost $6 billion after oil prices crash below $0
Saudi Aramco reported a net income of $16.7 billion in the first quarter of 2020, down 25% from $22.2 billion in the same period last year......»»
Saudi Aramco rocked by oil price rout
Saudi Aramco plans to cut capital spending to between $25 billion and $30 billion in fiscal year 2020, down from $32.8 billion a year ago......»»
Saudi Aramco profit falls 25% but dividend in line with planned payout for year
Saudi Aramco, the world's top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion payout for the year......»»
$1.7 trillion giant Saudi Aramco"s profits drop almost $6 billion after oil prices crash below $0
Saudi Aramco $1.7 trillion oil giant Saudi Aramco reported a 25%.....»»
Saudi Aramco first-quarter net profit slides 25% as oil prices tumble
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion base payout to shareholders for the year......»»
Exclusive: Saudi Aramco in talks with banks to borrow about $10 billion - sources
Saudi Aramco, the world's largest oil producer, is in early talks with banks for a loan of about $10 billion to help finance its acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC), according to three banking sources......»»
Oil giant Saudi Aramco sees 2019 profits drop
Saudi Aramco, the state-run oil giant, said its net income dropped by $22.9 billion to $88.2 billion in 2019......»»
Aramco Cuts CapEx By $10 Billion As Profits Plunge
Aramco Cuts CapEx By $10 Billion As Profits Plunge In the aftermath of Saudi Arabia's declaration of an oil price war last weekend, which sent the price of crude tumbling about 30% overnight,.....»»
Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic......»»
Aramco secures unconditional EU okay for $69 billion SABIC deal
World No. 1 oil producer Saudi Aramco has gained unconditional EU antitrust approval for its $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), according to an EU filing......»»
Exclusive: Aramco to win unconditional EU clearance for $69 billion SABIC deal - sources
World No. 1 oil producer Saudi Aramco is set to gain unconditional EU antitrust approval for its $69 billion buy of a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC) , people familiar with the matter said on Friday......»»
EU antitrust regulators to rule on $69 billion Aramco-SABIC deal by February 27
EU antitrust regulators will decide by Feb. 27 whether to clear state energy firm Saudi Aramco's $69.1 billion acquisition of world number four petrochemicals group Saudi Basic Industries Corp (SABIC), a European Commission filing showed......»»
As Aramco hails record IPO, Abu Dhabi"s ADNOC whips up $19 billion
The talk's all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds - and its efforts compare favorably......»»
JPMorgan first major brokerage to rate Saudi Aramco "overweight"
JPMorgan is the first major brokerage to initiate coverage of Saudi Aramco with an "overweight", setting a price target of 37 riyals ($9.86) per share and saying it sees scope for an increase in the energy giant's proposed $75 billion base dividend......»»
JPMorgan initiates coverage of Saudi Aramco with "overweight" rating
JPMorgan has initiated coverage of Saudi Aramco's shares with an "overweight" rating and a price target of 37 riyals ($9.86) per share, saying it sees scope for the company to increase its proposed $75 billion base dividend......»»
Saudi Aramco upsizes its record-shattering IPO by $3.8 billion
Saudi Aramco took in an additional $3.8 billion through its record-breaking IPO by selling more shares to investors, according to a Sunday statement. The oil firm set aside 450 million shares for investors as it gauged pre-.....»»
The Wall Street Journal: Saudi Aramco adds $3.8 billion to its record IPO
Saudi Aramco said it netted an additional $3.8 billion from its record initial public offering as it sold more shares to meet investor demand, boosting Crown Prince Mohmmed bin Salman’s war chest to reshape the country’s oil-dependent economy......»»
World’s biggest IPO got bigger: Aramco IPO at $29.4 Billion
The final size of Saudi Aramco’s initial public offering jumped one month after its debut in Riyadh......»»
Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares
State-owned oil company Saudi Aramco said on Sunday it had exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion......»»
Saudi Aramco isn"t the best-performing stock debut of the day. Brazilian finance firm XP skyrocketed 24% in its multibillion-dollar IPO.
Reuters Brazilian financial services company XP Inc. surged as much as 26% Wednesday after its initial public offering raised nearly $2 billion. The stock jump establishes XP as outperforming Saudi Aramco, which soa.....»»