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  • Saudi Aramco Boosts Capex After Doubling Its Profits In 2021

    The company has made a point of noting it will invest considerable sums in non-oil operations such as low-carbon production, renewables, and carbon capture and storage. Yet it is not moving away from its core business, either.

  • Aramco Saudi Ladies International: Georgia Hall wins by five shots

    Kelly Whaley tied the course record with a 63 and set an Ladies European Tour mark with eight straight birdies. Former soccer player Kristyna Napoleaova, who’s only been playing the game for six years, tied for second. But it was Georgia Hall who routed the field Sunday en route to a five-shot win in the 2022 Aramco Saudi Ladies International.

  • Saudi Aramco announces new growth strategy after making $110bn profit in 2021

    “We are also investing in CCS, renewables and low-carbon hydrogen production – supporting the global energy transition and advancing our net-zero ambition.”

  • Saudi Aramco full-year profit more than doubles on soaring oil prices

    Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion. Aramco’s 2021 net income increased by 124% to $110 billion in 2021, compared to $49 billion in 2020, citing higher crude oil prices, stronger refining and chemicals margins, and the consolidation of its chemicals business, SABIC’s, full-year results.

  • Saudi Aramco full-year profit more than doubles on soaring oil prices

    Aramco’s 2021 net income increased by 124% to $110 billion in 2021, compared to $49 billion in 2020, citing higher crude oil prices, stronger refining and chemicals margins, and the consolidation of its chemicals business, SABIC’s, full-year results.

  • Saudi Aramco awards Schlumberger gas drilling project

    “This contract award represents the continuation of an ongoing collaboration with Saudi Aramco,” said Tarek Rizk, MENA president, Schlumberger. “Through our committed teams, differentiated technology, and integrated drilling and well construction services we will work closely with Saudi Aramco on well delivery and set a new performance benchmark.”

  • Saudi Aramco JV to build refinery and petrochemical complex in China

    Called Huajin Aramco Petrochemical Company (HAPCO), the JV includes North Huajin Chemical Industries Group, and Panjin Xincheng Industrial Group. HAPCO will be responsible for building the integrated liquids-to-chemicals complex. To be built in Panjin City, of the Liaoning province, the refinery and petrochemical project will receive crude oil feedstock of up to 210,000 barrels per day from Aramco.

  • Saudi Aramco makes FID on Panjin liquids-to-chemicals complex in China: company

    Saudi Aramco has decided to move forward with a 300,000 b/d oil refinery and petrochemical project in northeast China, the company announced March 10, further cementing its commercial ties in Asia's largest economy.

  • Aramco is Most Valuable Brand in Saudi Arabia and Middle East

    Every year, Brand Finance puts 5,000 of the biggest brands to the test, and publishes nearly 100 reports, ranking brands across all sectors and countries. Saudi Arabia’s top 50 most valuable and strongest brands are included in the Brand Finance Saudi Arabia 50 report, while the Middle East’s top 150 most valuable and strongest brands are included in the Brand Finance Middle East 150 report.

  • The Aramco Saudi Ladies International returns this March

    The Aramco Saudi Ladies International presented by Public Investment Fund is returning for 2022 with the new March date as well as the biggest early-season purse in what will be a record-breaking year for the Ladies European Tour (LET). Players will be competing for a staggering $1 million prize-purse.