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Aramco
Energy
Saudi Arabia cuts oil use in power generation despite higher demand
Country burned 1.006 million bpd directly to generate electricity from January to June 2024
Banking & Finance
Saudi Aramco announces agreements with key Chinese partners
Aramco's agreement with Hengli Group enables talks for a potential 10 percent stake acquisition
Economy
Saudi Aramco signs MoUs to collaborate on advanced AI, supercomputing solutionsÂ
Aramco has also launched initiatives to enhance advanced digital solutions in its operationsÂ
Banking & Finance
Italy’s Saipem secures $1 billion in two major offshore contracts with Saudi Aramco
Saipem will be responsible for the EPCI three production deck modules, 33 km of subsea pipelines, and 34 km of power cables
Energy
Saudi Aramco profits hit $56.3 billion in H1 2024, dividends to reach $124.2 billion
Oil company's revenues reached $220.73 billion in H1, up 0.9 percent from $214.38 billion during the first half of 2023
Saudi Arabia
Saudi Aramco’s Wa’ed Ventures invests $15 million in South Korean AI chipmaker Rebellions
Funding to accelerate company's expansion in Saudi Arabia and the development of AI chips globally
Economy
Top 12 biggest tech companies in world by market cap in 2024
The global oil and gas industry is likely to touch $8,917.40 billion by 2031
Markets
Saudi Aramco exercises greenshoe option, raises $12.35 billion from share sale
By exercising the greenshoe option, Aramco raised an additional $1 billion from the listing
Saudi Arabia
Aramco Digital, World Wide Technology ink partnership to transform Saudi Arabia’s AI infrastructure
The partnership aligns with Saudi Vision 2030’s goals of digital transformation and economic diversification