Saudi Aramco

Saudi Arabian state-owned petroleum company

Follow Saudi Aramco on Notably News to receive short updates to your email — rarely!

2024 Saudi Aramco's total oil production reached 12.7 million barrels of oil equivalent per day, managing over one hundred oil and gas fields in Saudi Arabia.
December 31 2024 Saudi Aramco continued to show resilience, reporting revenue of $480,446 million, net income of $106,246 million, and total assets of $646,301 million for the financial year.
December 9 2024 Aramco signed an agreement with SLB and Linde to build a carbon capture and storage project in Jubail, Saudi Arabia, where Aramco will own 60% of the project. The first phase is estimated to be completed by the end of 2027, with a capacity to capture and store up to 9 million metric tons of carbon dioxide annually.
December 2023 Saudi Aramco acquired 40% shares in Gas & Oil Pakistan for an undisclosed amount.
December 31 2023 The company experienced a slight decline in financial performance, with revenue decreasing to $495,033 million, net income reducing to $121,271 million, while maintaining substantial total assets of $660,784 million.
October 2023 Saudi Aramco announced a direct air capture pilot program in partnership with Siemens Energy, to be completed in 2024.
September 2023 Saudi Aramco reached an agreement to acquire Esmax Distribución SPA, a Chilean fuel retailer, marking its entry into the South American fuel retailing market.
September 2023 Saudi Aramco signed a $2.9 billion contract with Larsen & Toubro for the Jafoor unconventional gas development expansion project in Saudi Arabia.
March 2023 Saudi Aramco announced record profits of $161 billion, exceeding ExxonMobil and Shell's profits.
March 2023 Saudi Aramco announced plans to acquire a 10% stake in China's Rongsheng Petrochemical Co. Ltd for an estimated $3.6 billion and build a new refining and petrochemical complex.
2022 Created a joint venture with North Huajin Chemical Industries group to form Huajin Aramco Petrochemical Company, planning to develop a 300,000 bpd refining facility with ethylene steam cracking capabilities.
2022 Free digital access to the magazine's complete back issue archive was made available through the magazine's website, spanning the years 1960-2022.
December 31 2022 Saudi Aramco achieved its highest recorded financial performance, with revenue soaring to $604,366 million, net income climbing to $161,068 million, and total assets growing to $664,780 million.
August 2022 Saudi Aramco announced the acquisition of Valvoline's petroleum unit for $2.65 billion.
May 11 2022 Saudi Aramco became the largest company in the world by market capitalization, surpassing Apple Inc.
March 2022 Houthi fighters attacked an Aramco storage site in Jeddah, causing a fire in two storage tanks during the first practice session of the Saudi Arabian Grand Prix.
December 31 2021 The company showed strong recovery, with revenue increasing to $400,468 million, net income reaching $109,972 million, and total assets expanding to $576,718 million.
November 20 2021 Houthi fighters launched 14 drones targeting military sites in Riyadh, Abha, Jizan, Najran, Jeddah, and Aramco's refineries in Jeddah.
October 2021 Saudi Aramco announced plans to achieve net-zero carbon emissions from its wholly-owned operations by 2060.
July 2021 Saudi Aramco appointed former HSBC Holdings Plc Chief Executive Officer Stuart Gulliver to the company's board of directors.
March 21 2021 Saudi Aramco signed a 50-year agreement to secure China's energy supplies and develop new climate change technologies.
March 19 2021 An Aramco refinery was attacked by six bomb-laden drones, claimed by Houthi rebels, which started a fire but caused no injuries or damage.
December 31 2020 Despite global economic challenges, Saudi Aramco reported a reduced but still substantial net income of $49,003 million, with total assets growing to $404,102 million.
December 14 2020 An oil tanker carrying over 60,000 metric tons of unleaded gasoline from an Aramco refinery at Yanbu was attacked by a smaller boat rigged with explosives.
December 9 2020 Financial Times published an article detailing a COVID-19 related death of a Saudi Aramco engineer, highlighting allegations of negligence in handling the employee's infection and subsequent treatment of his family.
November 3 2020 Saudi Aramco reported a 44.6% drop in third-quarter net profit amid the COVID-19 pandemic.
August 9 2020 Saudi Aramco reported a 50% fall in net income for the first half of its financial year due to reduced oil demand and prices during the coronavirus crisis.
July 31 2020 Saudi Aramco lost its title as the world's largest listed company by market capitalization to Apple.
June 2020 Saudi Aramco laid off nearly 500 employees, primarily foreign workers, due to workforce reductions during the COVID-19 pandemic.
June 17 2020 Saudi Aramco acquired a 70% share in SABIC, a chemicals manufacturing company.
March 2020 Saudi Aramco faced significant public criticism after photos emerged of a migrant worker dressed as a hand-sanitizer dispenser, which was widely condemned on social media as degrading and a form of modern-day slavery. The company stated that the display was not approved by its official management.
March 10 2020 Saudi Aramco announced a global partnership with Formula One, securing a multi-year deal.
2019 The movie 'Born a King' was released in theaters in Saudi Arabia and Ithra, telling the story of Prince Faisal's trip to the United Kingdom.
December 12 2019 Saudi Aramco's market capitalization surpassed the US$2 trillion mark on the second day of trading.
December 11 2019 Saudi Aramco commences trading on Tadawul, with shares rising 10% to 35.2 riyals, achieving a market capitalization of approximately US$1.88 trillion and becoming the world's largest listed company.
December 11 2019 Saudi Aramco's shares began trading on the Saudi Exchange, initially rising to 35.2 Saudi riyals and achieving a market capitalization of approximately US$1.88 trillion.
December 4 2019 Saudi Aramco prices its IPO offering at 32 Saudi riyals per share, generating US$119 billion in subscriptions (456% of total offer shares).
November 9 2019 Saudi Aramco releases a 600-page prospectus detailing the IPO, with up to 0.5% of shares reserved for individual retail investors.
November 6 2019 Saudi Aramco joined the World Bank's initiative to reduce gas flaring to zero by 2030.
November 3 2019 Aramco announces its plan to list 1.5% of its value as an IPO on the Tadawul stock exchange.
September 2019 Saudi Arabia appointed Yasir Al-Rumayyan as the Chairman of Aramco, replacing Khalid Al Falih who had held the position since 2015.
September 14 2019 Houthi rebels conducted a drone attack on two Saudi Aramco facilities: the Abqaiq oil processing facility and Khurais oil field. The attack significantly disrupted Saudi oil production, cutting 5.7 million barrels per day (over 5% of global oil supply), and prompted discussions about postponing Aramco's IPO due to the substantial impact on the kingdom's oil output.
April 11 2019 Saudi Aramco signed an agreement with Poland's leading oil refiner PKN Orlen to supply Arabian Crude Oil, further extending its global market presence in Europe.
April 9 2019 Aramco issues international bonds valued at US$12 billion, receiving over US$100 billion in orders from foreign investors, breaking records for an emerging market bond issue.
April 1 2019 Saudi Aramco acquired a 13% stake in South Korean oil refiner Hyundai Oilbank for US$1.24 billion, expanding its global investment portfolio in Asia.
2018 Saudi Arabia begins considering putting up to 5% of Saudi Aramco's ownership on public trading via an initial public offering (IPO).
December 31 2018 The company experienced significant financial growth, with revenue increasing to $359,204 million, net income rising to $111,071 million, and total assets reaching $359,171 million.
December 31 2017 Saudi Aramco reported annual revenue of $264,176 million, with a net income of $75,898 million and total assets of $294,014 million for the financial year.
November 2017 Jeddah Refinery was converted to a product storage terminal.
April 26 2017 Saudi security forces thwarted an attempted attack on an Aramco oil distribution center involving an unmanned boat from Yemen.

We are only showing the most recent entries for this topic.

This contents of the box above is based on material from the Wikipedia articles Saudi Aramco Residential Camp in Dhahran, Saudi Aramco & Aramco World, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

See Also