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Thursday, December 09, 2021

Saudi Aramco


Reliance drops after slamming brakes on $15-billion Aramco deal

November 22, 2021 6:19 pm

The company recently inducted Aramco Chairman Yasir Al-Rumayyan to its board amid opposition by investor California State Teachers' Retirement Fund.

Explained: Why are Reliance and Aramco re-evaluating their $15 billion deal?

November 23, 2021 10:22 am

Reliance Industries Ltd and Saudi Aramco are re-evaluating a proposed investment by the latter in RIL's oil to chemicals (O2C) business. A look at the background and context for this decision.

With focus on new energy biz, RIL, Aramco to ‘re-evaluate’ O2C deal

November 20, 2021 2:12 am

The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months by investing $10 billion in alternative energy over three years.

Reliance Industries backs Aramco chair’s board role after investor dissent

September 29, 2021 5:39 pm

California State Teachers Retirement Fund and State Board of Administration of Florida decided to vote against the proposal, following recommendations from proxy advisory firm Glass Lewis that cited Reliance’s plan to sell a 20% stake in its oil-to-chemicals business to Saudi Aramco.

Saudi Aramco representative may get inducted to Reliance Industries board: HSBC Global Research

June 21, 2021 10:59 am

Both RIL and Saudi Aramco did not reply to emails sent for comments. An email sent to PIF too remained unanswered. PIF has already picked up a minority stake in Reliance Retail and Jio.

Saudi Aramco to cut capital expenditure, reports 44.4% drop in profit for 2020

March 21, 2021 11:55 am

The company lowered its guidance for spending to around $35 billion from a range of $40 billion to $45 billion previously, according to a disclosure to the Tadawul bourse.

Explained: What is the Ant Group, and why is their IPO suspended?

November 06, 2020 1:00 pm

Ant Group IPO: The suspension, seen as a measure to rein in Jack Ma, was done after a meeting between the regulators and the company's top executives.

Saudi Aramco Q3 profit slumps 44.6% as pandemic chokes demand

November 03, 2020 3:11 pm

Weaker refining and chemicals margins have also hit the company's net profit, which fell to 44.21 billion riyals ($11.79 billion) for the quarter ended Sept. 30 from 79.84 billion riyals last year.

Aramco still aims for $15 billion investment in RIL's refining and chemicals business

August 10, 2020 11:06 am

A deal with Reliance would help the world’s biggest crude exporter join the ranks of the top oil refiners and chemical makers. State-owned Aramco is already a major supplier of crude to India, while Reliance sells petroleum products, including gasoline, to the kingdom.

Apple briefly overtakes Saudi Aramco to become the world's largest company

July 31, 2020 10:19 pm

Closing at that level will give it a market capitalization of $1.786 trillion. Saudi Aramco, which has been the largest public company since going public last year, had a market capitalization of $1.76 trillion as of last close.