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    Opec+ will remain proactive and pre-emptive, says Saudi minister

    Opec+ will remain proactive and pre-emptive, says Saudi minister

    21 Dec 2022

    Opec and its allies have no choice but to remain proactive given the uncertainties that face the market, the Saudi Arabian oil minister said. “The market has been subject to...

    Saudi Aramco's quarterly net income up 39% to $42.4 billion

    Saudi Aramco's quarterly net income up 39% to $42.4 billion

    01 Nov 2022

    Saudi Arabian state oil producer Aramco said on Tuesday its third-quarter net income rose 39%, boosted by higher crude oil prices and volumes sold, beating analysts' forecasts. Aramco's net...

    High oil prices help Saudi Aramco earn $88 billion in H1

    High oil prices help Saudi Aramco earn $88 billion in H1

    14 Aug 2022

    Saudi energy company Aramco said Sunday its profits jumped 90 per cent in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88...

    Opec+ agrees to bigger output boost amid Russian isolation

    Opec+ agrees to bigger output boost amid Russian isolation

    02 Jun 2022

    Major oil producers led by Saudi Arabia and Russia agreed on Thursday to open the taps wider than expected amid soaring prices and hard on the heels of an EU...

    Saudi Aramco profit jumps 82% in first quarter on high oil prices

    Saudi Aramco profit jumps 82% in first quarter on high oil prices

    15 May 2022

    Saudi Aramco on Sunday posted an 82 per cent jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world’s most valuable...

    Saudi Aramco net profit rises by 124% to $110 billion in 2021

    Saudi Aramco net profit rises by 124% to $110 billion in 2021

    20 Mar 2022

    Saudi Aramco’s net profit soared 124 per cent last year as global growth recovered from the Covid-19 downturn, the oil giant announced on Sunday. “Aramco’s net income increased by 124%...

    Saudi oil giant Aramco transfers 4% of shares to sovereign fund

    Saudi oil giant Aramco transfers 4% of shares to sovereign fund

    13 Feb 2022

    Energy-giant Saudi Aramco on Sunday said it had transferred four percent of its shares to the kingdom's Public Investment Fund, the state news agency SPA reported. Quoting Saudi Crown...

    Saudi Aramco reports 288% rise in Q2 net income at $25.5 billion

    Saudi Aramco reports 288% rise in Q2 net income at $25.5 billion

    08 Aug 2021

    The Saudi Arabian Oil Company Aramco announced on Sunday its second quarter (Q2) 2021 financial results, reporting a 288 per cent increase in net income from the same quarter...

    Saudi Aramco’s Q1 net profit up 30 per cent at $21.7 billion

    Saudi Aramco’s Q1 net profit up 30 per cent at $21.7 billion

    04 May 2021

    State-run oil producer Saudi Aramco beat analysts’ forecasts on Tuesday with a 30 per cent rise in first-quarter net profit and maintained its dividend payout, helped by strong oil...

    Saudi Aramco in $12.4 billion oil pipeline deal with EIG-led group

    Saudi Aramco in $12.4 billion oil pipeline deal with EIG-led group

    10 Apr 2021

    Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimise its assets through a...

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