The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its first quarter financial results, posting a 30% year-on-year increase in net income to $21.7 billion and declaring a dividend of $18.8 billion to be paid in Q2. The results were underpinned by higher oil prices and an improved economic environment in the first three months of 2021.
Aramco and SABIC today announce their intention to transfer the marketing and sales responsibility for a number of Aramco petrochemicals and polymers products to SABIC, and the offtake and resale responsibility of a number of SABIC products to Aramco Trading Company (ATC).
James (Jim) J. Schultz, HR manager with the Corporate Venturing Department, retires from the company at the end of April. Born in Oakland, California, Schultz has spent almost 11 years with Aramco, joining the company in the fall of 2010 as a senior HR analyst.
Aramco, through its Sea Water Injection Department (SWID), recently received international accolades for its response to the COVID-19 pandemic. The company received the “COVID-19 Response and Recovery of the Year” Award given by the Disaster Recovery Institute International (DRI) at the organization’s virtual Resilience Excellence Summit.
Fenced to protect excavations that since the 1950s have yielded remains of at least 10 Neanderthals, Shanidar Cave lies in the foothills of the Baradost Mountains in Kurdish-controlled northern Iraq.
No two samples of crude oil are identical. Unlocking crude oil’s composition secrets is critical information for our customers. It is also fundamental work toward maintaining Aramco’s oil and gas production value chain. Just like each sand grain is different, each crude oil type has its own exclusive chemical and molecular characteristics.
Dear colleagues, As we begin the blessed month of Ramadan this year, we are continuing to successfully adapt to new realities. Everyone who is a part of this great company has shown agility, patience, and flexibility during this time. And all of us are contributing to a vital purpose...
This is pepper country, the Moroccan traveler Ibn Battuta declared of Malabar, India’s southwest coast along the Arabian Sea. Admiring the tropical forests and hills made bountiful by monsoon rains, there was “not a span of ground or more but is cultivated,” he observed.
Aramco has signed a deal with a consortium led by EIG Global Energy Partners (“EIG”), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network.
Aramco today announced its creation and participation in the launch of Altamayyuz Finance and Accounting Excellence Academy, a first-of-its-kind collaboration between leading accountancy firms and investment banks which establishes a center of excellence for finance and accounting.
With the sun pouring through the window in Khuzam Palace, Finance Minister ‘Abd Allah Al-Sulayman and Standard Oil Company of California (Socal) attorney Lloyd N. Hamilton finalize the negotiations that had dragged on for more than three months.
In January 1879, Lady Anne Blunt, the granddaughter of English poet Lord Byron, arrived with her husband Wilfrid at the Jubah oasis, more than two-thirds of the way across the Great Nafud Desert.
From the shipyards that line Tanah Beru’s beachfront, the masts of great wooden sailboats rise to palm-tree heights. Closer to the sands, shipwrights wield saws and adzes to sculp 40-meter hulls made of massive timbers bent into shape over open fires and assembled with dovetails, pegs and other joinery—no nails.
Aramco and the American Concrete Institute (ACI) announce the launch of NEx: A Center of Excellence for Nonmetallic Building Materials to develop and promote the use of nonmetallic materials in the construction sector.
Being an explorer, the idea of crossing the Rub’ al-Khali, also known as the Empty Quarter, was a big challenge. We spent three months preparing for the trip, meeting frequently to study any potential risks or challenges that we may face.
Nasir K. Al-Naimi has been appointed senior vice president of Upstream, effective April 1, 2021, after previously being appointed acting Business Line Head of Upstream in September 2020.
Khalid M. Al-Abdulqader has been appointed as the vice president of Unconventional Resources effective April 1, 2021. Prior to this appointment, Al-Abdulqader has been serving as the executive director of Unconventional Resources.
This Annual Report covers financial and operational aspects of Aramco from January 1, 2020 to December 31, 2020, and is issued in both Arabic and English. The print version is identical to its PDF counterpart, which is available at aramco.com.
The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2020 results, demonstrating exceptional resilience despite the macroeconomic impact of COVID-19 and delivering on its intended dividend payments to shareholders.
Jiddah is a city that hosts great contrasts: on the one hand, it is a large, modern metropolis, and on the other, it is has always existed. Some say the city houses the tomb of Eve, from which the name of the city is said to be derived: جدة “Jaddah,” meaning “grandmother.”