These strikes came after Iran-backed Houthi rebels attacked an Aramco refinery in the Saudi capital on Friday
The Public Investment Fund is raising about $15bn from a group of international banks to finance new investments
SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019
SABIC hasn’t decided on a venue for the sale
The discussions are occurring in parallel with the sale of a stake in a pipeline unit
Saudi Aramco is continuing to work on determining the size and volume of discovered fields
The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021
Aramco also increased pricing for light crude grades to the Mediterranean region
SABIC reported its biggest quarterly loss in at least a decade in the three months through June
Aramco sold $8bn in tranches maturing in three, five, 10, 30 and 50 years
The yield on Aramco’s $3bn of bonds due in 2029 has dropped to 2.09 per cent from 3.04 per cent at the start of the year
Aramco is the world’s largest oil exporter
Income still increased for the first time in five quarters as oil prices steadied
Profit rose mainly due to the reversal of SAR690m of impairments associated with Clariant AG
SABIC suspended new capital spending earlier this year as it reported losses in the first and second quarters
Japan will receive 40 tons of blue ammonia in the first shipment
Apple and Aramco are the only two companies to have achieved valuations of $2 trillion
Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries
It’s also reviewing an earlier decision to buy 25 per cent of Sempra Energy’s Texas LNG terminal
Aramco said it will drill more wells to evaluate how much energy the fields hold
Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over
The moves come as Aramco adjusts to the reality of oil at $40 a barrel
The oil-price crash and the virus’s impact on energy demand have changed the calculations for energy companies’ projects
Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023
A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers
Aramco will pay a dividend of $18.75bn for the quarter
Amazon riding an e-commerce and cloud computing wave as people shelter-in-place due to Covid-19
Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028
Fabrice Francois will join Goldman’s mid-market advisory franchise, known as the cross markets group
Aramco will pay $24.8bn this week as a first installment in the deal