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Aramco floated 1.7 per cent of its shares on the Saudi bourse in December 2019, generating US$29.4 billion in the world's biggest initial public offering.
At the same time, it would expand digital capabilities within the Kingdom of Saudi Arabia and harness Schlumberger’s global reach to potentially deliver a worldwide impact,” said Ahmad A. Al-Sa’adi, senior vice president of Technical Services at Aramco.
Based on this data, do you see a potential scenario where Tesla could be worth as much as Apple and Saudi Aramco combined?
Earlier this week, Saudi Aramco signed two deals to build a major refining and petrochemical complex in China valued in the billions of dollars.
Energy alternatives are not ready to shoulder the heavy burden of global demand, Aramco CEO saysarabnews.
FILE - Saudi Aramco engineers walk in front of a gas turbine generator at Khurais oil field during a tour for journalists, 150 kilometers east-northeast of Riyadh, Saudi Arabia on June 28, 2021.
Source: https://www.baytoday.ca/business/more-oil-producers-join-saudis-in-surprise-production-cuts-6796786
"Given that we anticipate oil and gas will remain essential for the foreseeable future, the risks of underinvestment in our industry are real - including contributing to higher energy prices," Aramco CEO Amin Nasser said.
If we combine Apple Inc. () at $2.25 trillion, and Saudi Aramco at $1.94 trillion, it would combine to a $4.19 trillion market cap.
If you were thinking of going big on the stock market, you could buy a third of Apple, half of oil giant Saudi Aramco, or all of Tesla — and still have about $200 billion left to stuff under a comically large mattress.
In partnership with a similarly hungry young firm like its title sponsor, Aramco, the Aston squad looks poised to disrupt F1’s conventional order.
Source: https://slate.com/culture/2023/03/f1-bahrain-red-bull-mercedes-aston-martin-preview.html?via=rss
Mouth-watering—unless you are Saudi Aramco, in which case it’s peanuts.
Saudi Arabian Oil Company (Saudi Aramco) and logistics provider DHL have signed a shareholders’ agreement for the establishment of a new procurement and logistics hub in Saudi Arabia.
Saudi Aramco Signs Deals with Chinese Partners to Build Refinerybloomberg.
Talks with Aramco (the Saudi Arabian Oil Company) are continuing over future contracts to be priced in yuan, the currency of China.
The experts concluded that Aramco ranked as the largest greenhouse gas emitter, and that fossil fuels account for more than 75 percent of global greenhouse gas emissions.
The oil and gas sector dropped 1.37% after Saudi giant Aramco reported a steep profit decline, while financial services gained 0.9%.
The P.I.F. is led by a governor, Yasir al-Rumayyan, a onetime banker and chairman of Saudi Aramco, the country’s national oil company.
Source: https://www.nytimes.com/2023/06/07/world/middleeast/saudi-arabia-sovereign-wealth-fund.html
The strategic partnership between SEF and Aramco continues the work successfully achieved by both entities at last year's events.
Source: https://www.insidethegames.biz/articles/1136225/aramco-saudi-esports-federation-partners