Saudi Aramco Profit

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.

Shares of Reliance Industries fell as much as 4.2 per cent to hit an intraday low of Rs 2,368.20 on the BSE on Monday as the country's largest firm decided to halt a stake sale in its oil-to-chemicals business (O2C) to Saudi Arabia's Aramco and pulled back from a potential spinoff of its most profitable unit.

Aramco said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts forecasts

Energy giant Saudi Aramco said on Sunday its net profit for the second quarter plunged a massive 73 percent year-on-year due to sharply lower oil prices.

The state-owned oil giant set the final price of its shares at 32 riyals ($8.53), valuing the world's most profitable company at $1.7 trillion.

The world's most profitable company starts a share sale on November 17 in an initial public offering (IPO) that may raise between $20 billion and $40 billion.

Saudi Arabia's Capital Market Authority said its board had approved the company's application for the registration and offering of a proportion of its shares.

Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. With the Aramco IPO, the government of Saudi Arabia will sell a portion of its existing shares in the company. The statement from the company followed a go-ahead from the Saudi market reg...

The company produces, refines and exports oil from Saudi Arabia, but has refining operations across the globe.

Aramco, which pumps around 10 per cent of the world's oil, is the most profitable company globally and is seen as the kingdom's crown jewel and the backbone of its economic and social stability.

Saudi Aramco was the world's most profitable company in 2018, easily surpassing U.S. behemoths including Apple Inc. and Exxon Mobil Corp., according to accounts published by ratings agencies before the firm's debut in the international bond market.

Market watchers are beginning to talk again about oil prices returning to $100 per barrel and more.

If the deal goes through, HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio, making it the third-largest refiner in the country after IOC and Reliance Industries.

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.

Shares of Reliance Industries fell as much as 4.2 per cent to hit an intraday low of Rs 2,368.20 on the BSE on Monday as the country's largest firm decided to halt a stake sale in its oil-to-chemicals business (O2C) to Saudi Arabia's Aramco and pulled back from a potential spinoff of its most profitable unit.

Aramco said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts forecasts

Energy giant Saudi Aramco said on Sunday its net profit for the second quarter plunged a massive 73 percent year-on-year due to sharply lower oil prices.

The state-owned oil giant set the final price of its shares at 32 riyals ($8.53), valuing the world's most profitable company at $1.7 trillion.

The world's most profitable company starts a share sale on November 17 in an initial public offering (IPO) that may raise between $20 billion and $40 billion.

Saudi Arabia's Capital Market Authority said its board had approved the company's application for the registration and offering of a proportion of its shares.

Saudi Arabia's state oil company Aramco or Saudi Arabian Oil Co on Sunday announced its intention to go ahead with an IPO in the Tadawul stock exchange in Riyadh. With the Aramco IPO, the government of Saudi Arabia will sell a portion of its existing shares in the company. The statement from the company followed a go-ahead from the Saudi market reg...

The company produces, refines and exports oil from Saudi Arabia, but has refining operations across the globe.

Aramco, which pumps around 10 per cent of the world's oil, is the most profitable company globally and is seen as the kingdom's crown jewel and the backbone of its economic and social stability.

Saudi Aramco was the world's most profitable company in 2018, easily surpassing U.S. behemoths including Apple Inc. and Exxon Mobil Corp., according to accounts published by ratings agencies before the firm's debut in the international bond market.

Market watchers are beginning to talk again about oil prices returning to $100 per barrel and more.

If the deal goes through, HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio, making it the third-largest refiner in the country after IOC and Reliance Industries.