Saudi Aramco

Saudi Arabia's plans to list more shares of Aramco, the world's most valuable oil company, have resurfaced.  The kingdom is reportedly considering selling up to $50 billion worth of shares, which could be the largest offering in capital market history.  Saudi Arabia has...

As supply constraints and increasing demand tighten the global crude market, Saudi Arabia has raised almost all oil prices for September to Asia and Europe. What Happened: Saudi Aramco has increased the price of Arab Light crude for sale to Asia by 30 cents per barrel above the...

BlackRock, Inc. (NYSE:BLK), the world's biggest asset manager, named Saudi Aramco Chairman and CEO Amin Nasser, as an independent director to its board. The move raised several eyebrows across corporate and social media circles.  What Happened: Conservative news outlet...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk on Friday weighed the possibility of the EV giant having a market capitalization bigger then Apple Inc. (NASDAQ:AAPL) and Saudi Aramco combined. What Happened: “Lot of work between here & there, but it is possible,” Musk said. He was responding...

Saudi Aramco said in a statement that the oil giant, along with its joint venture partners NORINCO Group and Panjin Xincheng Industrial Group, plans to commence construction of a major integrated refinery and petrochemical complex in northeast China. What Happened: Huajin Aramco Petrochemical...

State-owned energy company Saudi Aramco valued at nearly $2 trillion, has announced its collaboration with Web3 technology provider, droppGroup. According to a Coindesk report, the two companies will jointly explore the development of blockchain-based Web3 technologies to enhance Aramco's...

Amazon.com, Inc (NASDAQ:AMZN) shares plunged nearly 5.5% on Tuesday, knocking the e-commerce giant out of the trillion-dollar club. Tuesday's Knockout Punch: Amazon shares closed at $96.79 — 3.2% lower than the psychologically important $100 mark. The shares hit a fresh 52-week low of $96.51 on...

Elon Musk is the largest individual shareholder of Tesla Inc (NASDAQ: TSLA) stock. The company’s CEO has been one of the key investors in the company since the early days and is also important to the future of the company, something he is betting on with his personal money. Here’s a...

Electric vehicle giant Tesla Inc (NASDAQ: TSLA) has been one of the most valuable companies in the world since rising over 1,000% in share value over the last five years. The company ranks as the world's sixth most valuable company, a position that CEO Elon Musk thinks will increase over time....

Several of the largest technology companies made headlines in 2021 for hitting significant market capitalization milestones. Microsoft Corp (NASDAQ: MSFT) hit a $2-trillion market cap in 2021 and Meta Platforms (NASDAQ: FB) hit $1 trillion in market cap for the first time in 2021. The year 2022...

Saudi Arabian oil giant Saudi Aramco is threatening to overtake tech giant Apple Inc. (NASDAQ: AAPL) as the world’s most valuable company. What Happened: Saudi Aramco’s market capitalization touched almost $2 trillion on Wednesday after its stock price touched a 52-week high on the...

On Sunday, the world's largest oil exporter Saudi Aramco reported that its net profit rose to $25.5 billion in the second quarter of the year, compared to $6.6 billion in the same quarter of 2020, with the global easing of COVID-19 restrictions, Reuters reports.  The...

The world’s largest oil exporter saw net income drop sharply last year, reflecting turmoil in oil markets amid the pandemic. What Happened: Saudi Aramco on Sunday reported that its net income had fallen to 44.4% to $49 billion in 2020 as demand for oil was hit due to the COVID-19...

The Last Week In A Nutshell What Happened: “This is a subdued market. We have recovered from the shock, but there have been a lot of sectors not really participating that much on the upside,” said ARK Invest CEO and CIO Catherine Wood. Remember This: “2020 is a year that is...