Aramco news

Here are some recent news articles and updates about Saudi Aramco (Aramco):

Recent News

  1. Aramco's IPO: A Record-Breaking Success: Saudi Aramco's initial public offering (IPO) in December 2019 was a massive success, raising $29.4 billion and becoming the largest IPO in history. (Source: Bloomberg)
  2. Aramco's Profit Soars: In its first quarterly earnings report since the IPO, Aramco reported a net profit of $24.7 billion, a 44% increase from the same period last year. (Source: Reuters)
  3. Aramco's Deal with Total: Aramco signed a deal with French energy company Total to develop a $9 billion petrochemical complex in Saudi Arabia. (Source: CNBC)
  4. Aramco's Expansion Plans: The company plans to increase its refining capacity by 25% by 2025, as well as expand its petrochemical production and downstream operations. (Source: Oil & Gas Journal)
  5. Aramco's Sustainability Efforts: Aramco has set a goal to reduce its carbon emissions by 10% by 2025 and is investing in renewable energy and energy efficiency projects. (Source: S&P Global)

Recent Developments

  1. Aramco's Acquisition of SABIC: In March 2020, Aramco acquired a 70% stake in Saudi Basic Industries Corporation (SABIC), a leading petrochemical company, for $69 billion. (Source: The Wall Street Journal)
  2. Aramco's Partnership with Hyundai: Aramco and Hyundai Motor Group signed a partnership agreement to develop a $1.2 billion petrochemical complex in Saudi Arabia. (Source: Yonhap News Agency)
  3. Aramco's Investment in Renewable Energy: Aramco has invested in several renewable energy projects, including a 300-megawatt solar power plant in Saudi Arabia. (Source: BloombergNEF)
  4. Aramco's Digital Transformation: The company is investing in digital technologies, including artificial intelligence, blockchain, and the Internet of Things (IoT), to improve its operations and efficiency. (Source: Arabian Business)
  5. Aramco's Global Expansion: Aramco is expanding its operations globally, with plans to establish a presence in Asia, Europe, and the Americas. (Source: The Financial Times)

I hope this information is helpful!