The Latest Breaking News from Saudi Aramco

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price shock to the global economy

The real moonshot? Hitting the financial targets it would take to justify the market cap Elon Musk has been musing about.

Shares of Saudi Arabian Oil Co., commonly known as Saudi Aramco, climbed sharply in recent trading sessions as escalating Middle East tensions, including a reported drone strike on one of its key facilities, rattled regional markets while boosting investor interest in the world's largest oil producer.

Saudi Aramco's Ras Tanura refinery facility was struck by a drone, leading to its shutdown and exacerbating global supply concerns. This incident follows attacks on vessels in the Strait of Hormuz, nearly halting oil shipments. The drone strike is part of a wider regional escalation, with other Gulf states also…

Saudi Aramco has reached a significant milestone, achieving 70% local content in its supply chain. This achievement strengthens Saudi Arabia's industrial base and diversifies its economy beyond oil. The program has created over 200,000 jobs and attracted substantial foreign investment. Aramco aims to increase local content to 75% by 2030,…

Saudi Arabia’s oil giant Saudi Aramco has successfully raised $4 billion through a bond issuance. The move highlights strong investor trust in the company's financial stability. The issuance, part of a global program, was priced in January 2026 and completed in early February 2026. Proceeds will fund capital expenditures and…

World’s richest person targeting symbolic date in June for flotation of rocket company

Critics accuse leading firms of sabotaging climate action but say data increasingly being used to hold them to account

Some major oil companies such as Shell and BP that once were touted as leading the way in clean energy investments are now pulling back from those projects to refocus on oil and gas production. Others, such as Exxon Mobil and Chevron, have concentrated on oil and gas but announced…