Saudi Aramco

The Saudi Arabian Oil Company, better known as Saudi Aramco, on Tuesday, reported earnings for its first quarter this year. Earnings Drop YoY Aramco said it made $16.7 billion in net income in Q1, down nearly 25% from the $22.2 billion posted in the similar quarter last year. The state-owned...

Crude oil futures on Sunday dropped by the most percentage points since the gulf war of 1991, as Saudi Arabia and Russia engaged in a price war. What Happened Saudi Arabia announced that it is cutting the price for April crude oil to all destinations by $6 to $8, as reported by Reuters, causing the...

The Saudi Arabian Oil Company, better known as Saudi Aramco, has invested $5 million in a blockchain startup VAKT that provides post-trade processing service. What Happened The oil giant invested in VAKT through its investment arm Saudi Aramco Energy Ventures (SAEV), the startup said in a statement...

The Saudi Arabian Oil Company raised another $3.8 billion in its initial public offering as the underwriters exercised the overallotment option given the high demand, it said in a statement on Sunday. What Happened Underwriters led by Goldman Sachs Group Inc.'s (NYSE: GS) Saudi Arabian...

Saudi Arabian oil giant Saudi Aramco made its debut as a public company Wednesday on that country's Tadawul exchange in what was the world's largest initial public offering, one that also created the world's largest company by market value. With a market capitalization of around $1.88...

Exxon Mobil Corporation (NYSE: XOM) shares are down 12.2% over the past year, but at least one larger option trader is betting the next two years will be much better for the largest U.S. oil major. The Trades On Friday morning, Benzinga Pro subscribers received two option alerts related to...

This column does not necessarily reflect the opinion of the Benzinga editorial board. On Oct. 2, 2018, Jamal Khashoggi, a Washington Post columnist and Saudi dissident, was murdered and dismembered with a bonesaw at the Turkish Embassy in Istanbul by a Saudi assassination team known as “Tiger...

Saudi Arabia wants fellow OPEC members to extend an agreement to lower oil production when the group meets on Dec. 5 and 6. What Saudi Arabia Wants OPEC and other oil rich countries agreed to lower their combined oil output by 1.2 million barrels a day through the end of March 2020. But the Saudi...

This weekend's Barron's cover story focuses on an industrial company that is going digital. Other featured articles discuss blue chips that ought to pay a dividend and bank stocks for value investors. Also, the prospects for a rebounding truck maker, a high-profile IPO, a ride-sharing...

Suggestions about how much Saudi Aramco is actually worth as the oil giant heads for its IPO vary by nearly $1 trillion, and uncertainty surrounding the region's political volatility and the company's control by the Saudi government is raising more questions than any concerns about the...

Saudi Aramaco's initial public offering took a major step forward on Sunday and would likely need to address four sources of concern. Saudi Arabia values its state-owned oil company at $2 trillion but even a less generous $1.5 trillion would make it the world's largest IPO, CNBC reported....

Saudi Arabian Oil Company, better known as Saudi Aramco, announced its initial public offering on Sunday. What Happened The world’s most profitable company — owned by the Saudi government — will list on Riyadh’s Stock Exchange, Tawadul. The IPO plans have been approved by...

This article is from Benzinga’s Partner Content team For many foreign companies that are publicly traded (or one day would like to be), cross-trading in the U.S. is a critical component of accessing U.S. investors. And it should come as no surprise as to why. The U.S. is by far the largest...

Saudi Aramco, the Saudi oil behemoth that is the world's largest company in terms of profits, is taking a closer look at an initial public offering, according to Bloomberg. What Happened Saudi Arabia explored an IPO for several years and denied reports in August 2018 that it had ...

It was another big week for oil investors, with both WTI and Brent crude hitting their highest prices since 2014. Here’s a look at the latest key numbers from the oil market and some of the headlines that were moving oil prices this week. Weekly Reports On Tuesday, the American Petroleum...