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Oil prices trim losses after Saudi Arabia deepens output cuts
Oil prices trimmed their losses after Saudi Arabia announced the state-owned Aramco would reduce production by an additional 1 million barrels per day......»»
Saudi Aramco may cut government payout amid oil plunge
Saudi oil giant Aramco may cut its dividend to the Saudi government, but is likely to maintain payouts to minority shareholders as a plunge in crude prices shrinks first-quarter profits, analysts said......»»
Exclusive: Saudi Aramco seeking to review price of SABIC deal - sources
Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC's value following a slump in oil prices in coronavirus pandemic, two sources told Reuters......»»
Exclusive: Aramco offers struggling refiners sweeter terms for crude
Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, refining industry sources said......»»
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......»»
Saudi Aramco will lower oil prices in Asia to near 2-decade lows, even after global powers agree to historic production cut
Stanislav KrasilnikovbackslashTASS via Getty Images Saudi Aramco lowered i.....»»
Saudi Arabia and Russia signal readiness to cooperate on oil
Saudi Arabia and Russia signalled on Thursday they were ready to cooperate to help stabilise the oil market after calls with U.S. President Donald Trump to discuss the slump in prices triggered by the end of a deal to curb output and a collapse in demand......»»
Saudi Aramco needs cash with oil prices at a 17-year low — and now it may reportedly sell a piece of its pipeline unit
Associated Press Saudi Aramco may sell a stake in its pipeline business to shore up cash amid the oil-market downturn, Bloomberg report.....»»
Saudi Aramco to cut refinery runs in April, May to boost oil exports: official
Saudi Aramco will continue reducing operations at its local refineries in April and May to boost the state energy company’s potential to export crude oil, a company official said on Thursday......»»
Saudi Aramco Hosts an Unreal Earnings Call
Flooding the market with oil in the face of what may turn out to be an unprecedented drop in demand is a weird move on strictly commercial grounds......»»
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,.....»»
Saudi Aramco"s 2019 profit down 21%, cuts spending
Saudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes......»»
Aramco 2019 profits dip 20% as Saudis prepare to flood oil market
Oil giant Saudi Aramco is witnessing a decline in profit while the war on oil price wages on amid the coronavirus pandemic......»»
Factbox: Aramco 2019 profit drops, a week after shares fell below IPO
Saudi Arabia's state-run oil giant Saudi Aramco announced a drop in its 2019 profit of nearly 21% on Sunday, falling well below analysts' expectations just three months after selling shares to the public in a record-setting IPO......»»
Aramco to cut capital spending over coronavirus; 2019 profits plunge
Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted a plunge in profit for last year, missing forecasts in its first earnings announcement as a listed company......»»
Saudi Aramco to cut capital spending in 2020, posts drop in 2019 profit
Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, as it posted a 21% decline in 2019 net profit due to a drop in oil prices and production, its first earnings announcement as a listed company......»»
Aramco"s 2019 profit falls 21%, plans to adjust capital spending
Oil giant Saudi Aramco on Sunday posted a 21% decline in 2019 net profit due to a drop in oil prices and production, and said it plans to "rationalize" capital spending in the wake of the coronavirus outbreak......»»
"Shocking contempt for human dignity": Saudi Aramco dressed up a migrant worker as a human hand sanitizer dispenser, and outraged people are calling the stunt racist and shameful
Reuters Saudi Aramco dressed a worker up as a hu.....»»
Saudi, UAE gear up for long-term oil market fight with capacity plans
Top oil exporter Saudi Arabia said on Wednesday it would launch a program to boost production capacity for the first time in more than a decade, signaling to Russia and other rivals it was ready for a long battle over production levels and market share......»»