Aramco is integral to the economy of Saudi Arabia, which has been ramping up debt sales in recent years as falling oil prices left it with budget deficits
Largest oil producer
Amin Nasser
The $100bn man: How Aramco CEO Amin Nasser delivered the record-breaking bond
For Nasser, perhaps more at ease with Saudi geology than Wall Street finances, the deal is the culmination of a 37-year career that began in the vast oil fields of the desert kingdom
Brent
Saudis raised Aramco royalties with switch to Brent oil
According to the Saudi Aramco prospectus, the oil sector accounted for more than 60% of the Saudi government revenue in 2017
crude oil
Saudi Aramco reveals sharp output drop at world’s largest oil field
Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less than almost anyone believed
aramco saudi arabia
Aramco’s big reveal: what we learned about the Saudi oil giant
Aramco’s $111.1bn profit in 2018 easily dwarfed all other businesses on the planet, a stunning result for a company that also paid the Saudi government $102bn in taxes last year
Fitch Ratings
Saudi Aramco named the most profitable company in the world
Aramco generated earnings before interest, tax and depreciation of $224 billion last year, Fitch said
gasoline
US set to overtake Saudi Arabia as the world’s biggest energy exporter
The rise in the shale production will see the US topple the kingdom for the first time since the 1950s
Aramco IPO
Saudi Aramco IPO to happen within two years – minister
Saudi Aramco’s IPO was initially scheduled to take place last year but was postponed
Largest oil producer
OPEC oil production falls as Saudi Arabia slashes output
OPEC says it produced 797,000 fewer barrels per day in January than in the previous month
Largest oil producer
OPEC oil output falls most in two years on Saudi cuts
Output from the cartel’s 14 members slumped by 751,000 barrels a day in December
Khalid Al Falih
Saudi Aramco set to sell $10bn bond to fund Sabic acquisition
Saudi Aramco is in talks to buy 70% of Sabic from the Public Investment Fund, which could cost about $70bn
Largest oil producer
OPEC oil output falls most in two years as Saudi Arabia makes cuts
Saudi Arabia throttles back production, according to a Bloomberg survey of officials, analysts and ship-tracking data
Baker Hughes GE
Baker Hughes wins oil wells contract from Saudi Aramco
GE company says Saudi contract is expected to create more than 200 new engineering, field services and project management jobs
Al Gore
Al Gore accuses Saudi Arabia of ‘insulting’ climate change report
Former US vice president and Nobel Peace Prize laureate slams world’s top oil producers
Global oil demand
Saudi Arabia says OPEC seeking ‘sufficient’ oil output cut
Saudi oil minister Khalid al Falih says OPEC meeting will seek cut to balance the global market
G20 summit Argentina
Putin praises Saudi crown prince, says $60 oil ‘fine’
Russian President singles out Prince Mohammed bin Salman for praise over agreement on oil output cuts
$100 oil price
What oil at $50 a barrel means for the global economy
Energy importers like India and South Africa will benefit from $50 oil while oil producers such as Saudi Arabia will suffer