Saudi Aramco

Saudi Aramco pulls off world's biggest IPO 

Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly Saudi Aramco. Aramco priced its IPO at 32 riyals ($8.53) per share, the top …

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Putin condemns attacks on Saudi oil facilities

Russian President Vladimir Putin said Russia condemns the recent attacks on Saudi Arabia's oil facilities. "We condemn this [attack], but we are against shifting the blame on Iran, as there is no evidence for …

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Saudi Arabia's two oil facilities on fire

Drones attacked the world’s largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco early on Saturday, the kingdom’s interior ministry said, sparking a huge fire at a processor crucial …

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Royal IPO

What Saudi Arabia's energy shake-up says about its oil plans

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Al Falih loses key role in Saudi Aramco

Saudi Energy Minister Khalid Al Falih has lost his role as chairman of the board for Saudi Aramco, Al Falih announced on Twitter Monday. Al Falih will step down from his role as chairman in Aramco’s attempt …

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Saudi Aramco to buy U.S. LNG

Saudi Aramco has entered into a 20-year agreement with U.S.-based Sempra Energy to purchase liquefied natural gas (LNG) from its subsidiary Sempra LNG, the two companies said. The two companies are also finalizing a 25% equity …

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Saudi Aramco receives record demand for debut bond

Saudi Aramco received more than $100 billion in orders for its maiden global bond. The bond sale is set to be the largest-ever in emerging markets and one of just a handful of times that a company anywhere in the world received more …

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Saudi Aramco named world's most profitable company

Saudi Aramco was the world's most profitable company in 2018 with net income of $111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp, Bloomberg reported with reference to Moody's Investors …

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