Saudi Aramco's profit plunges, sees signs of oil market recovery
All major oil companies have taken a hit in the second quarter as lockdowns to contain the coronavirus limited travel.
Apple leapfrogs Saudi Aramco now world's biggest company
Apple, the maker of iPhones, has toppled the world's biggest company in value, despite the coronavirus pandemic.
OPEC, Russia to extend record oil cuts to end of July: Draft deal
OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day during May-June to prop up prices that collapsed due to the coronavirus crisis.
Saudi Aramco rocked by oil price rout
Saudi Aramco plans to cut capital spending to between $25 billion and $30 billion in fiscal year 2020, down from $32.8 billion a year ago.
Saudi Aramco may cut government payout amid oil plunge
Saudi oil giant Aramco may cut its dividend to the Saudi government, but is likely to maintain payouts to minority shareholders as a plunge in crude prices shrinks first-quarter profits, analysts said.
U.S. banks prepare to seize energy assets as shale boom goes bust
Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.
Chesapeake Energy hires debt advisers for possible restructuring
Rout in energy prices has sparked Chesapeake Energy Corp. looks for debt help
Aramco 2019 profits dip 20% as Saudis prepare to flood oil market
Oil giant Saudi Aramco is witnessing a decline in profit while the war on oil price wages on amid the coronavirus pandemic.
Saudi Aramco boosts oil production capacity amid price war with Russia
Saudi Arabia has been producing around 9.8 million barrels per day, carrying the bulk of cuts that were agreed upon by OPEC members and other major oil producers, namely Russia, to stave off an oversupply in the market that would further push prices down.
Oil hits historic lows amidst massive selloff, fledgling price war and coronavirus fears
Oil futures on Monday suffered their biggest one-day percentage plunge since the Gulf War in January 1991
Saudis arrest 2 princes for allegedly plotting coup
Prince Ahmed bin Abdulaziz al Saud, a brother of Saudi King Salman, and Prince Mohammed bin Nayef bin Abdulaziz al Saud were both accused of treason
Saudi Aramco launches largest shale gas development outside U.S
DAMMAM, Saudi Arabia, - Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told Reuters on Monday.
Saudi Aramco hits new low amid US-Iran tensions
Oil prices have continued to rise, with Brent crude trading above $70 a barrel.
Saudi Arabia sentences 5 to death for US resident Khashoggi's killing
Another three people were sentenced to prison for a combined 24 years, according to a statement read by the attorney general's office on Saudi state TV. No individual breakdown for the sentencing was given.
Saudi Aramco IPO had engineering of all kinds
The Aramco IPO comes with many questions.
Saudi Aramco raises questions due to government involvement
As oil giant Saudi Aramco goes public, should you invest?