Aramco

Saudi Aramco's shares fell over 2% after reporting a 12% decline in 2025 profit to $93.4 billion. The company announced a $3 billion share buyback plan while facing challenges from global supply issues and regional conflicts affecting oil markets.

Saudi Arabia warns Iran of significant losses if attacks on Arab nations persist, following drone strikes on key oil facilities. Aramco faces disruptions and has rerouted shipments amid rising geopolitical tensions, leading to a surge in global oil prices and concerns over supply disruptions.

Saudi Aramco shut down its Ras Tanura refinery as a precaution after an Iranian drone strike sparked a fire, according to media reports citing industry sources. Officials said the situation is under control.

The Kingdom of Saudi Arabia is planning to open two more alcohol stores in the country, Reuters has reported. The country, which forbids its own citizens from alcohol as per Islamic laws, is trying to ease restrictions to lure more tourists and foreign businesses.

Saudi Aramco declared a dividend of $31.1 billion for the second quarter of 2024. The oil major announced a 3.36 per cent fall in net profits to $29.07 billion in the April to June quarter.

The Saudi Aramco awarded contracts include, $12.4 billion for the increase in production at the Jafurah gas field and on top of that $8.8 billion was for the expansion of the master gas system.

As the boss of the world’s biggest oil company flew around the world in early June to drum up investor interest in one of the biggest share sales in recent years, he could breathe a sigh of relief.

Saudi Aramco CEO, Amin H. Nasser said that Red Sea is definitely an issue.

Saudi Aramco declared a dividend of $31.1 billion for the second quarter of 2024. The oil major announced a 3.36 per cent fall in net profits to $29.07 billion in the April to June quarter.