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Saudi state-owned oil giant sees record profit of $161bn

It comes as energy prices spiked following Russia’s full-scale invasion of Ukraine in February 2022

The Independent UK · Mar 12, 2023

Saudi Aramco’s $161bn profit is largest recorded by an oil and gas firm

Amnesty International hits out at ‘shocking’ annual figure reaped through sale of fossil fuel

The Guardian - UK · Mar 12, 2023

Four takeaways as oil giant Saudi Aramco reports a huge $161 billion profit

The world's biggest oil company has announced it made $161 billion in profits in 2022, a whopping figure for the corporation and its main shareholder, the Saudi government.

WEKU · Mar 12, 2023

Seoul Seeks Aramco’s Help to Win Contracts of Saudi Giga Projects

South Korea's government intends to make its firms enter the Saudi market and win contracts to construct $500 billion worth of projects to develop smart and eco-friendly cities in NEOM, in the northwest of the Kingdom. The Export-Import Bank of Korea has announced the signing of a $6 billion framework…

Asharq Al-Awsat · Mar 8, 2023

Saudi Aramco Hikes Official Selling Prices of Arab Crude

Saudi Aramco has increased Official Selling Prices (OSPs) for April-loading crude to Asia, Europe, and America largely in line with expectations of oil demand recovery during the second quarter of 2023. For Aramco's key customer base in Asia, differentials for the flagship Arab Light grade were lifted to Platts Dubai/DME…

Asharq Al-Awsat · Mar 6, 2023

Saudi Arabia to invest in French-Chinese car joint venture

Oil giant Saudi Aramco is preparing to join carmakers Geely and Renault in a new joint venture in hybrid and internal-combustion vehicles.

Radio France Internationale · Mar 4, 2023

Saudi Aramco Acquires Valvoline Inc. Global Products Business

The Saudi Arabian Oil Company (Aramco) has completed the acquisition of the Valvoline Inc. global products business (Valvoline Global Operations) for $2.65 billion, through one of its wholly-owned subsidiaries. With this acquisition, which follows the signing of an equity purchase agreement by the companies announced on Aug. 1, 2022, Aramco…

Asharq Al-Awsat · Mar 2, 2023

Aramco Inks Pact with Renault, Geely for Engine Venture

Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault SA and China's Geely Automobile Holdings Ltd plan to set up jointly, they said on Thursday. The new joint venture is aimed at developing more-efficient gasoline engines and hybrid systems.…

Asharq Al-Awsat · Mar 2, 2023

Lydia Ko played eight rounds of golf on her honeymoon and then opened with a 64 to co-lead the Saudi Ladies International

The World No. 1 fired an 8-under 64 in the opening round of the Aramco Saudi Ladies International to co-lead.

USA Today Sports Media Group · Feb 16, 2023

Vocal sportswashing critic Meghan MacLaren explains why she’s playing in Saudi Arabia, where the purse is one of the highest in women’s golf

Abstaining from events backed by the PIF would cripple an LET player’s chance to make a living.

USA Today Sports Media Group · Feb 14, 2023