Saudi Aramco Registers $68 B Net Income in 9 Months
Saudi Aramco posted a net income of $68 billion during the nine-month period ending on September 30.
Saudi Aramco posted a net income of $68 billion during the nine-month period ending on September 30.
The Capital Market Authority (CMA) of Saudi Arabia permitted Saudi Aramco to launch its initial public offering (IPO) on November 3, creating the most valuable listed firm worldwide.
Saudi Aramco has signed several agreements at the Future Investment Initiative conference in Riyadh.
Saudi Aramco is set to launch its initial public offering (IPO) on November 3.
The two sides have been struggling to settle on a valuation for the project since last December. According to Thohir, the financial adviser they have hired is not yet ready to produce a valuation.
Saudi Basic Industries Corp (SABIC) expects its strategy to remain on its growth track in light of the company's acquisition by Saudi Aramco.
Ras Tanura Refinery Clean Fuels Project has put in place its largest and heaviest naphtha splitter column, weighing 544 tons.
Saudi Aramco announced that it started reducing gasoline prices on October 20.
Saudi Arabia’s oil production dropped by 660,000 barrels per day (b/d) in September, compared to August, reaching around 9.13 million b/d after an attack on its energy installation.
The attacks on Saudi Aramco’s installations will have no effect on its listing plans in the stock market, according to Amin Nasser, Aramco’s CEO.