Aramco Beats Estimates with Profits of $29.3B in Q2 2024
Aramco has reported a net income of 109.01 billion riyals ($29.03 billion) in the three months to June 30, beating a company-provided median estimate from 15 analysts of $27.7 billion.
Aramco | Egypt Oil & Gas - Part 4
Aramco, Air Products Qudra Cooperate to Develop Lower-Carbon Hydrogen Production Business
Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly owned subsidiary of Air Products Qudra (APQ). The agreement will al ...
Saudi to Increase Crude Oil Supply to China, Reaching 44 mmbbl
Saudi crude oil exports to China will rebound in August to at least 44 million barrels (mmbbl) after deep price cuts by state energy firm Saudi Aramco supporting demand, according to Reuters.
Aramco Awards Over $25B Contracts for Strategic Gas Expansion Projects
Aramco has awarded contracts worth more than $25 billion to progress its strategic gas expansion in the phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco’s Master ...
Aramco Signs 5 mtpa LNG Sale, Purchase Deal with Sempra for 20 Years
Aramco and North America energy infrastructure company, Sempra have concluded a non-binding Heads of Agreement (HoA) through their respective subsidiaries. This agreement paves the way for a 20-year Sale and Purch ...
Aramco Announces Updates of Remarkable Projects in H1 Results
Aramco Company has announced that it is proceeding in its upstream developments including the Marjan, Berri, Dammam, and Zuluf crude oil increments, as part of broader capacity expansions.
Aramco’s Cash Flow from Operating Activities Reached $39.6B in Q1 2023
Aramco announced a net income of $31.9 billion in Q1 2023 and a strong cash flow from operating activities of $39.6 billion as well as a free cash flow of $30.9 billion.
Saudi Arabia Maintains Crude Supply to Asian Refiners Despite OPEC+ Cuts
Despite OPEC+’s surprising announcement last weak about extra production cut of 1.16 million barrels per day from May for the rest of the year, Saudi Aramco will maintain the same crude volumes supply to several N ...
Aramco to Start $10B Oil Refinery Complex in China for 2026
Saudi Aramco and its joint venture partners Panjin Xincheng Industrial Group and NORINCO Group plan to start constructing a major integrated refinery and petrochemical complex that will be located in northeast Chi ...
Aramco Inks 5G MoU with Samsung Electronics
Aramco and Samsung Electronics have inked a non-binding memorandum of understanding (MoU) to localize an industrial 5G technology ecosystem, starting with private networks, in Saudi Arabia.
