Aramco | Egypt Oil & Gas - Part 5
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. Meanwhile, the quarter’s profit ...
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 also i...
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. August exports to China w...
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 related to 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 Purchase ...
Aramco Announces Updates of Remarkable Projects in H1 Results
Aramco 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. It added, in its financial results, ...
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. Commenting on the results Aramco President &... Saudi Arabia Maintains Crude Supply to Asian Refiners Despite OPEC+ Cuts
Despite OPEC+’s surprising announcement last week about production cuts 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 North Asia...
