saudi aramco

Saudi Oil Giant Aramco Reports 44% Profit Slump In 2020 Amid Coronavirus Pandemic

7:03pm March 21, 2021

by Alex Leff

Saudi Arabia's state-backed oil company earned $49 billion last year as the pandemic slashed fuel demand around the globe, in what its CEO called "one of the most challenging years in history."

Sheikh Ahmed Zaki Yamani, Saudi Arabia's then-oil minister on Dec. 1, 1973, in London during talks on the oil crisis.

World News

Ahmed Zaki Yamani, Key To Making Saudi Arabia A World Oil Power, Dies At 90

6:22pm February 23, 2021

by Jackie Northam

He was Saudi Arabia's oil minister for nearly 25 years, rising to fame for engineering the 1973 oil embargo and negotiating Saudi control of Aramco from U.S. fuel giants.

President and CEO of Saudi Aramco Amin Nasser (L) and Aramco's chairman Yasir al-Rumayyan attend a press conference in the eastern Saudi Arabian region of Dhahran on November 3, 2019.

What's Wrong with the Saudi Aramco IPO?

6:30am November 26, 2019

by Mary Childs

The most profitable company in the world was supposed to make its international debut, listing public shares for the first time at a valuation of $2 trillion. Now it's staying local. What happened?

President and CEO of Saudi Aramco Amin Nasser and company chairman Yasir al-Rumayyan at a press conference in Dhahran, Saudi Arabia on Sunday. The privately-owned oil giant announced it will IPO next month.

World News

Saudi Aramco, World's Most Profitable Company, Will Make First Public Offering

5:43pm November 03, 2019

by Laurel Wamsley

The oil company said it will sell an unspecified number of shares on a Saudi Arabian exchange. Its valuation could be $1.5 trillion, and it may be the world's biggest IPO.

The newly appointed Saudi energy minister, Prince Abdulaziz bin Salman (left), meets with his father King Salman, in a handout picture provided by the Saudi Press Agency on Monday.

World News

What Saudi Arabia's Energy Shake-Up Says About Its Oil Plans

2:38pm September 10, 2019

by Jackie Northam

In a break from tradition, the king appointed a prince to run the energy ministry and the head of the Public Investment Fund to chair oil giant Saudi Aramco.

Queue Listen Now

Flames are seen at the production facility of Saudi Aramco's Shaybah oilfield in May.

Saudi Arabia's Ambitious Economic Overhaul Hinges On Reducing Its Oil 'Addiction'

12:19pm June 13, 2018

The government has ambitious plans to diversify the oil kingdom — and that means revamping the world's biggest petroleum producer.

With Oil Prices Down, Saudi Arabia Turns To The Bond Market For The First Time

12:11pm October 19, 2016

by Jim Zarroli

Long synonymous with wealth and luxury, the desert kingdom is looking for ways to plug a growing budget deficit.