Saudi Arabian Oil Co (SAUDI ARAMCO) News - Mubasher Info
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28 June 09:29 PM

Saudi Arabian Oil Co (2222)

Last update: 03:19 PM market time.
26.60
0.46
1.76%
Open 26.14
Previous Close 26.14
High 26.64
Low 26.14
Stock Statistics
Volume 5,610,598
Turnover 148,042,569.64
All data are 15 minutes late during market session

News

Photo Archive
7 January 2021 03:15 PM Saudi Aramco hikes February crude official prices to Asia
Riyadh– Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) raised its February official selling price (OSP) for its Arab Light crude to Asia by $0.70 per barrel, setting it at plus $1 per barrel versus the Oman/Dubai average, Reuters said …
Macroeconomics
Part of the signing ceremony today.
28 December 2020 01:31 PM Aramco continues progress in digital journey with SAP deal
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) announced a strategic alliance with SAP Saudi Arabia to expand the digitalisation of its Enterprise Resource Planning (ERP) systems. The agreement with SAP is another step in Aramco’s …
Macroeconomics
The Saudi Electricity Company (SEC).
28 December 2020 11:46 AM SEC EGM approves treating SAR 3.4bn dividends owed to Saudi Aramco
Riyadh – Mubasher: Saudi Electricity Company’s (SEC) extraordinary general assembly (EGM) approved to treat the SAR 3.351 billion worth of dividends owed by it to the Saudi Arabian Oil Company (Saudi Aramco) since SEC’s inception until the end of …
Management Decisions
Photo Archive
27 December 2020 02:15 PM Saudi Arabia announces four new oil, gas discoveries
Riyadh – Mubasher: Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, on Sunday said that Saudi Aramco has discovered four new oil and gas fields in the kingdom, state-run Saudi Press Agency (SPA) reported. …
Macroeconomics
(Photo Credit: GeekWire Photo)
22 December 2020 11:36 AM Aramco to bring Google Cloud Services to KSA
Riyadh – Mubasher: Saudi Aramco Development Company, a subsidiary of Saudi Aramco, has teamed up with Google Cloud to offer high-performance, low-latency cloud services to enterprise customers in Saudi Arabia. The kingdom is being added to the …
Companies Investments
The JV is expected to be operational in 2021.
21 December 2020 00:54 PM Aramco, Cognite establish JV to accelerate industrial digitalisation
Riyadh – Mubasher: Saudi Aramco’s subsidiary, Saudi Aramco Development Company, signed an agreement with Cognite AS (Cognite) to establish a joint venture (JV) as part of their strategic digitalisation partnership. The new company will focus on …
International Agreements
Novel’s new facility is being developed at King Salman Energy Park (SPARK).
8 December 2020 03:40 PM Saudi Aramco, Baker Hughes commence construction on non-metallics JV
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and Baker Hughes have formed Novel, a 50/50 Joint Venture (JV) to develop and commercialise a broad range of non-metallic products for multiple applications in the energy sector. A …
International Agreements
Aramco has set the January OSP of its Arab light crude oil to the US at plus $0.55 a barrel over ASCI.
6 December 2020 01:59 PM Saudi Aramco raises official January crude price to Asia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has increased the January price for its Arab light crude to Asia to $0.30 a barrel over Oman/Dubai crude, up $0.80 from December, Reuters said on Sunday citing a company document. The …
Commodities
Part of the signing ceremony today.
30 November 2020 11:51 AM Saudi Aramco pens six MoUs with international firms
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has signed memoranda of understanding (MoUs) with six international companies within the company’s framework to conclude new international partnerships and establish firms through an …
International Agreements
Photo Archive
25 November 2020 09:04 AM Saudi Aramco issues $8bn worth of international bonds
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has completed issuing senior US dollar-denominated international bonds unsecured by assets pursuant to its Global Medium Term Note Programme. A total of 40,000 bonds were issued at a …
Companies Investments
Photo Archive
24 November 2020 11:42 AM Saudi Aramco's customers unaffected by Houthi attack on Jeddah facility
Riyadh – Mubasher: An official from the Saudi Arabian Oil Company (Saudi Aramco) said that customers were unaffected by an attack that came from Yemen's Houthi group at a petroleum products distribution plant in the north of Jeddah, Reuters …
General News
The case was brought before the US District Court
22 November 2020 00:13 PM US trial court ruling rejects $18bn claim against Saudi Aramco
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has received a trial-level court ruling issued in the company's favour to dismiss a lawsuit filed by alleged heirs of Khalid Abu Al Waleed Al Hood Al Qarqani to claim a nearly $18 …
Company News
Part of the signing ceremony of the LTA agreements.
18 November 2020 11:40 AM Aramco signs major LTAs with eight companies for oil, gas brownfield projects
Riyadh- Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) announced a new contracting strategy for its oil and gas brownfield and plant upgrade projects, with a focus on establishing new businesses and developing partnerships based on …
Macroeconomics
The issuance amount will be determined as per market conditions.
16 November 2020 09:54 AM Saudi Aramco starts issuing international bonds
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) on Monday said it began issuing senior US dollar-denominated international bonds unsecured by assets pursuant to its Global Medium Term Note Programme. The issuance amount will be …
Bonds
Photo Archive
12 November 2020 03:57 PM Profits of Saudi companies fall to SAR 168bn in 9M
Riyadh – Mubasher: Profits of companies listed within Tadawul’s main index plunged by 47.38% yearly, equivalent to SAR 151.2 billion, during the first nine months of the year. Net earnings of 172 listed companies amounted to SAR 167.95 billion in …
Financial Results
Fitch assessed Aramco’s standalone credit profile (SCP) at 'aa+'.
11 November 2020 02:59 PM Fitch affirms Saudi Aramco's IDR at 'A'
Riyadh – Mubasher: Fitch Ratings has revised the Saudi Arabian Oil Company's (Saudi Aramco) outlook to Negative from Stable while affirming the company's Long-Term Issuer Default Rating (IDR) at 'A'. The revision of the outlook on Saudi Aramco's …
Ratings
Photo Archive
4 November 2020 02:37 PM Five Tadawul-listed petchem firms log 45% lower profit in Q3
Riyadh – Mubasher: Profits of five Tadawul-listed petrochemical companies dropped by 45.3% on a year-on-year (YoY) basis during the third quarter (Q3) of the year. Combined profits of these firms netted SAR 43.95 billion during the quarter ended …
Sector Reports
Photo Archive
3 November 2020 03:07 PM Saudi Aramco sees record historic single-day natgas production in August
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) recorded total hydrocarbon production during the first nine months of 2020 of 12.4 million barrels per day (b/d) of oil equivalent, of which 9.2 million b/d was crude oil.   The oil …
Companies Investments
The oil giant will pay cash dividends of SAR 70.32 billion for Q3-20.
3 November 2020 10:11 AM Saudi Aramco quarterly profit falls 44%; dividends approved
Riyadh – Mubasher: The net profits of the Saudi Arabian Oil Company (Saudi Aramco) amounted to SAR 44.21 billion ($11.79 billion) during the third quarter (Q3) of 2020, down by 44.6% when compared to SAR 79.84 billion ($21.29 billion) in the …
Cash Dividends
A total of 62 Saudi companies achieved net profits in Q3-20.
2 November 2020 03:38 PM NCB leads six companies to account for 74% of third-quarter profits
Riyadh – Mubasher: A total of 72 Saudi companies have announced their third-quarter (Q3) financial results so far out of a total of 174 firms. Consolidated profits of those 72 firms amounted to SAR 17.8 billion in Q3-20, a decline of 3.7% when …
Financial Results
Photo Archive
22 October 2020 00:10 PM Saudi Aramco aims at four-fold data storage capacity growth by 2025
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) continues to delve into the digital transformation space and seeks to double its data storage capacity four times by 2025, the company’s chief engineer, Ahmad A. Al-Sa'adi, said …
Companies Investments
The final Forbes list is composed of 750 multinational and large corporations headquartered in 45 countries.
19 October 2020 01:15 PM Saudi Aramco ranked 1st regionally in Forbes "World's Best Employers" list; 26th globally
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has secured the first spot regionally and the 26th spot globally on Forbes’ fourth-annual list of the World’s Best Employers for 2020. Forbes said it partnered with market research …
Ratings
Photo Archive
18 October 2020 04:07 PM SABIC, Saudi Aramco expand scope of converting crude oil to chemicals project
Riyadh – Mubasher: The Saudi Basic Industries Corporation (SABIC) announced the expansion of the scope of converting crude oil to chemicals project with the Saudi Arabian Oil Company (Saudi Aramco). The expansion will include existing development …
Companies Investments
Aramco's Aaa.sa NSR reflects the company's position as the strongest rated corporate in KSA.
8 October 2020 11:17 AM Saudi Aramco’s national scale rating assigned at ‘Aaa.sa’ - Moody's
Riyadh – Mubasher: Moody's Investors Service assigned an Aaa.sa long term issuer national scale rating (NSR) to the Saudi Arabian Oil Company (Saudi Aramco). Saudi Aramco's A1 long term issuer global scale rating (GSR) is unchanged. The rating …
Ratings
Photo Archive
7 October 2020 09:50 AM Saudi Aramco hikes November crude official prices to Asia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has raised its November official selling price (OSP) for its Arab Light crude to Asia by $0.10 per barrel (pb), setting it at a minus $0.40 pb versus Oman/Dubai average, Reuters …
Macroeconomics