Saudi Aramco Is Burning Cash – It Needs to Stop

Saudi Aramco sees Q3 profits drop 15%

The group, formerly known as Saudi Arabian Oil Company, reported a net income of $27.6bn for the three months to 30 September, down from $32.6bn a year earlier but slightly ahead of the consensus forecast of $26.9bn. Earnings before interest, tax and zakat …

Saudi Arabia cuts December light crude prices for Asia

Top oil exporter Saudi Arabia has cut the price for the flagship Arab light crude it sells to Asia in December by 50 cents to $1.70 a barrel above the Oman/Dubai average, Saudi Aramco said in a statement on Tuesday. The decrease is broadly in line with …

Wood Bags Contract for Aramco's Gas Project

Wood plc has secured what it calls a “significant” engineering services contract for Saudi Arabian Oil Co.’s (Aramco) Southern and Northern Areas gas project in Saudi Arabia. The project, which is expected to take one million engineering hours to execute, …

Aramco Maintains $31.1 Billion Dividends

Saudi Arabian Oil Co. (Aramco) on Tuesday declared total dividends for the third quarter of SAR 116.5 billion ($31.1 billion), or SAR 0.4815 per share, maintaining this year’s increased based dividend of $20.3 billion even as debt deepened and oil prices …

Saudi oil company releases profit report

DUBAI, United Arab Emirates -- Saudi Arabian oil giant Aramco reported a third-quarter profit of $27.5 billion Tuesday, down about 15% from last year as low oil prices ate into its revenues. Aramco, formally known as the Saudi Arabian Oil Co., posted …

Saudi developer Roshn in talks with international banks to raise up to $667mln in Q1 2025

PIF-backed developer Roshn is engaging with international banks to raise up to SAR 2.6 billion ($666 million) in the first quarter of 2025 as it adapts to the changing market in Saudi Arabia. Discussions are ongoing with four international banks, including …

Saudi Aramco reports SR103 billion Q3 net income amid cash flow surge

Saudi Gazette report DHAHRAN — Saudi Aramco announced on Tuesday its financial results for the third quarter of 2024, reporting strong results driven by solid operational performance, with a net income of SR103.4 billion, compared to SR122.2 billion in the …

Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend

Saudi Aramco's Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of "lower crude oil prices and weakening refining margins," but …

Saudi Aramco Q3 profit drops 15.4% amid lower oil prices

Saudi Arabia’s state-owned oil giant Aramco reported a 15.4% decline in third-quarter profit, driven by lower crude prices and weaker refining margins. Despite the income reduction, Aramco maintained its quarterly dividend at $31.1 billion, aligning with …