Saudi Arabia’s national oil producer Aramco achieved “record” profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices. Aramco, the mostly Saudi...
Saudi energy giant Aramco says its profits have nearly doubled compared with last year. The firm, which is nearly fully state-owned, has seen both demand — and pump prices — soar. Saudi Arabia’s national oil...
Saudi Arabia has formally launched the initial public offering of stock in state-owned oil giant Aramco. The long-awaited IPO is part of plans to move the kingdom away from oil dependency. Saudi Aramco, the national...
