Saudi Aramco reported a 22% year-on-year profit increase to $98.38 billion for the first nine months, driven by high oil prices and refining margins. Upstream energy sectors gain from pricing power, while downstream chemical industries may face higher raw material costs due to increased crude values. Operational stability remains evident as earnings beat expectations despite regional disruptions, reinforcing Aramcos market dominance.
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Saudi Aramco reported a 22% year-on-year increase in adjusted net profit to $98.38 billion for the first nine months of 2026, driven by high oil prices and refining margins. Third-quarter earnings hit
Saudi Aramco contained a fire near its major Ras Tanura oil terminal following Houthi missile attacks. Brent crude prices rose to $116 per barrel amid concerns over regional energy infrastructure stab
Saudi Aramco evacuated its headquarters and ordered remote work after a security alarm, following recent Houthi attacks on Saudi energy infrastructure that have not yet affected oil production.
Saudi Aramco ordered the evacuation of its Dhahran headquarters due to intensifying Houthi clashes, impacting the kingdom's stock market. This marks the first evacuation since the start of regional te
Saudi Aramco has offered additional spot crude oil cargoes for delivery to Europe in late October and mid-November, per trade sources. The state-owned company's spokesperson did not immediately commen
Sources report Saudi Aramco's Dhahran headquarters sustained extensive damage from a fire during an attack, though operations continued normally. The incident coincides with intensified fighting betwe
Saudi Aramco received the first crude cargo for its new Liaoning refining complex, advancing toward commercial operations expected in Q1 next year. The joint venture features a 300,000-barrel-a-day re
Houthi militants struck Saudi Aramco's Dhahran headquarters, causing a fire amidst escalating attacks on the kingdom's oil infrastructure. The incident underscores risks to global energy supply chains
Saudi Aramco plans to spin off its natural gas business into a standalone unit valued over $100 billion, supporting Jafurah field expansion to boost production by 80% by 2030. The move aims to enhance
NESR and Saudi Aramco have agreed to execute a lithium demonstration project producing 2,000 tons per annum of battery-grade lithium carbonate starting in late 2027. The initiative combines Aramco's s
Oil prices rose after Yemen's Houthis attacked Saudi Aramco sites, raising production concerns. Brent crude climbed 0.79% to $103.06 per barrel while US WTI gained 0.50% to $91.57.
Witnesses observed fire and smoke near a Saudi Aramco facility in Riyadh amidst ongoing Houthi attacks on Saudi energy infrastructure, pending official confirmation.
Saudi Aramco considers discounts on Oman STS crude to offset record freight rates amid Strait of Hormuz disruptions. The move aims to regain market share as Asian refiners face soaring shipping costs.
Saudi Aramco plans to reorganize its business to create a new gas division, potentially listing units in the future to raise capital. This move aligns with Gulf state oil companies' strategy to offer
Saudi Aramco has informally assured Asian refiners they can resume oil pick-ups from Yanbu following East-West pipeline attacks, while European buyers face allocation cuts.
Saudi and Gulf stock markets declined following Houthi claims of missile and drone strikes on Riyadh. The downturn was led by oil major Saudi Aramco and petrochemical producer Industries Qatar amidst
Saudi Aramco cancelled October crude shipments to European refiners following drone attacks on its East-West pipeline. The company aims to restore full capacity within six weeks while boosting Gulf ex
Saudi Aramco plans to export 60 million barrels via ship-to-ship transfers off Oman to offset Red Sea disruptions, causing global oil futures to drop over $1 per barrel.
Saudi Aramco is sourcing replacement diesel and gasoline cargoes in the Mediterranean and Europe following Houthi attacks on its Red Sea refineries and pipelines. The oil giant has bid through Platts
Saudi Aramco and Quantinuum signed an MoU to explore quantum computing applications in energy and industry, focusing on reservoir modeling, supply chain optimization, and catalysis simulation. The col
Saudi Aramco partners with Quantinuum to evaluate quantum computing applications for scientific and industrial challenges through R&D innovation.
Saudi Aramco sold heavy crude to Chinese refiners via the Gulf of Oman, signaling continued flows through the Strait of Hormuz. Other Gulf nations are also boosting exports to China, with analysts exp
Saudi Aramco resumed crude oil loading at Strait of Hormuz terminals in mid-August, ending weeks of sales stagnation caused by recent attacks. Three VLCCs loaded 2 million barrels each, with additiona
Saudi Aramco and Maaden plan a joint venture to explore copper and rare earth minerals across 182,000 sq km, targeting energy transition needs and economic diversification.
Saudi Aramco is arranging ship-to-ship crude transfers off Fujairah to bypass Strait of Hormuz disruptions linked to regional conflicts. This move helps Asian refiners secure supplies while avoiding s
Saudi Aramco delayed restarting its Jazan refinery to late August after a Houthi attack, according to IIR Energy. The incident exacerbates global diesel supply strains amidst Middle East and Russia di
Saudi Aramco extinguished a fire at its Jazan refinery with no injuries reported, while Yemen's Houthis claimed responsibility. This incident follows similar attacks in July, raising concerns over reg
Saudi Aramco confirmed a fire at its Jazan refinery was extinguished with no injuries. The incident occurs amidst ongoing geopolitical tensions involving Houthi attacks on Saudi oil infrastructure in
Saudi Aramco confirmed recent attacks caused no material operational impact while planning export capacity expansions amid Strait of Hormuz disruptions. The company reported a 33% profit surge driven
Saudi Aramco's Q2 net income rose 33% to $33.4 billion as geopolitical tensions drove oil prices higher. Despite reduced production, the company sustained exports via alternative routes while facing o
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