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The Latest Breaking News from Saudi Aramco

Aramco Eyes More Investments As China Demand Grows

Saudi Aramco eyes growth in China, aligning with diversification strategy to capitalize on emerging opportunities.

Top News

Boeing shares fall 9% after mid-flight Alaska Airlines accident involving 737 Max 9 – as it happened

Rolling coverage of the latest economic and financial news, as Boeing shares fall after 171 of its 737 Max 9 aircraft are grounded by US regulators

The Guardian - UK

Apple, Microsoft, or Tesla: Which Will Be the First $5 Trillion Company?

While Apple is currently the biggest publicly traded company, with a market cap of $3 trillion, Microsoft is also in the race to become the first $5 trillion company.

Barchart

At UN Climate talks, oil companies pledge to combat methane; Environmentalists call it "smokescreen"

Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030, the president of this year’s U_N_ climate talks said Saturday, a move that environmental groups called a “smokescreen.”

The Independent UK

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COP28 Puts Spotlight On State Oil Giants

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but a less visible lineup of powerful state companies dominates the industry.

International Business Times

Cop28 host UAE has world’s biggest climate-busting oil plans, data indicates

State oil company’s huge expansion plans make its CEO’s role as president of UN climate summit ‘ridiculous’, say researchers

The Guardian - UK

Apple Stock Price Prediction for 2025: Will It Still Be the World’s Largest Company?

Apple has been the world's largest company, for the most part, since 2011. Can it hold on to the title by 2025? Here's the long-term price prediction for Apple stock, and the key drivers to watch.

Barchart

(Crypto) Empire State of Mind: Sam Bankman-Fried allegedly met with Bill Clinton and Kathy Hochul in NYC 2 months before FTX collapsed

Now, Bankman-Fried is back in the Big Apple—but for very different reasons.

Fortune

The world’s third-biggest company just saw its profits plummet 38%—but it still paid shareholders $19.5 billion in dividends

The company said boosting dividends was part of a “sustainable and progressive” approach to investor payouts.

Fortune

Saudi Aramco’s quarterly profits drop nearly 40% but it still rakes in $30bn

Decline in crude oil prices and less refining income trims revenues inflated in 2022 by Russian invasion of Ukraine

The Guardian - UK

Saudi Arabia Boosts Oil Prices To Asia And Europe Amid Growing Market Demand And Supply Restrictions

As supply constraints and increasing demand tighten the global crude market, Saudi Arabia raises oil prices to Asia and Europe

Zenger

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Zenger

BlackRock Called Out For ‘ESG Facade’ After Naming Saudi Aramco Chief To Board

The move raised several eyebrows across corporate and social media circles.

Fortune

Fortune's Global 500 is an exclusive club—Less than 1% of all people worldwide work for a firm on the list

There are no Global 500 companies from Africa and very few in Asia, other than in China and Japan.

Fortune

Does Tiger Woods, who reportedly turned down $800 million from the Saudis, have what it takes to stop the LIV Golf deal with the PGA?

Woods reportedly turned down up to $800 million from the Saudi organization prior to the deal's announcement.

Fortune

Saudi Aramco is the most profitable company in history

Walmart tops the Fortune Global 500 for the 10th year in a row, but Saudi Aramco is a close second.

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Fortune

Fortune’s Global 500 is proof that even the biggest companies can be dethroned

Technological upheaval is a constant threat to corporate giants like No. 1 Walmart, No. 2 Saudi Aramco, and Google parent Alphabet.

Fortune

Saudi Arabia has the most profitable company in the history of the world, and $3.2 trillion to invest by 2030. Who will say no to that tidal wave of cash?

With its vast supply of oil money, the kingdom's flashy play for golf dominance is just the tip of the iceberg.

Radio France Internationale

France's TotalEnergies, Saudi Aramco sign contracts for $11 billion petrocomplex

Saudi Aramco and France's TotalEnergies on Saturday signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said.

The Guardian - UK

UK firm given £430m green transition loan then expanded oil and gas business

Exclusive: Wood Group boosts fossil fuel business and shrinks renewables work after getting government-backed loan

The Guardian - AU

Austrade forum to promote links with oil giant Saudi Aramco condemned by activists

Environmental groups say the event in Perth to court the biggest polluting oil company of all time is ‘akin to a joint trade show with a tobacco major’

The Guardian - UK

Fossil fuel firms owe climate reparations of $209bn a year, says study

Groundbreaking analysis by One Earth is first to quantify economic burden caused by individual companies

The Guardian - UK

Saudi oil group Aramco to pay more to state despite profits drop

World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil prices

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