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The state-owned Aramco believes that the oil demand forecast for the rest of 2023 is solid even though metrics point to a dwindling economy. Saudi-owned oil and gas firm Saudi Aramco has a strong outlook on oil for the rest of the year as it anticipates healthy demand from India and
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Compared to the $110 billion recorded in 2021, the Saudi Arabian oil giant’s net income took a significant leap by growing over 46% YoY in 2022. The Saudi Arabian Oil Group, also known as Aramco, announced its largest annual profit in 2022. The state-controlled oil giant posted a record net
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Aramco’s new deal with droppGroup is further proof that Saudi Arabia is one of the leading early adopters of Web 3.0 technology. Saudi Arabian-based energy giant Saudi Aramco has partnered with droppGroup as it looks to explore the endless possibilities of Web 3.0 technology. According to a press release made available
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Saudi Aramco will explore co-developing blockchain-based technologies that could benefit its workers. Original Source
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The easing of COVID-19 restrictions, stimulus measures, vaccination campaigns, and accelerating economic activity were the key factors helping Saudi Aramco and other oil giants deliver stellar numbers for the second quarter.Solid oil demand has turned the fortunes of the world’s largest oil giant Saudi Aramco (TADAWUL: 2222), the Saudi State giant
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The Saudi Arabian Oil Company (Saudi Aramco) stirred interest among crypto enthusiasts last year after investing $5 million in blockchain-based oil trading company Vakt. While this move aimed to digitize and streamline post-trade processing, Saudi Aramco was also rumored to undertake Bitcoin (BTC) mining activities. However, Saudi Arabia’s state oil company released
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Alphabet through Google Cloud has identified a huge gap in the Saudi Arabia cloud infrastructure and intends to fill it despite the impending competition. As 2020 financial books come to a close and welcome a new year, Alphabet Inc (NASDAQ: GOOGL) has been working on delivering a better financial year despite
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While the bond issuance is deemed necessary, it has caused rating agency Fitch to revise its stand on Saudi Aramco from stable to negative.Saudi Arabian multinational petroleum and natural gas company Saudi Arabian Oil Co (TADAWUL: 2222) also known as Saudi Aramco is seeking out a multi-tranche bond deal as
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Saudi Aramco has indicated in its prospectus that less than 1% of its shares are available for retail investors in its upcoming IPO.In what seems like a preference for institutional investment, Saudi Arabia’s State Oil Company Aramco in its prospectus has indicated offering of less than 1% of the shares
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