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The Latest Breaking News from Aramco

Saudi Aramco Says Q1 Profit Down 14.5 Percent

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place.

International Business Times

Alonso: Reuniting with Honda in F1 2026 "motivating"

On Thursday Alonso and Aston Martin announced the Spaniard would stay with the team until at least 2026, when Honda joins the Silverstone team as its works power unit partner.

Autosport

Saudi Aramco Reports 1 Billion Profit In 2023

Aramco's 2023 profit of 1 billion reflects resilience amidst energy price challenges and strategic shifts in Saudi Arabia's economy.

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Aramco pays nearly $100bn in dividends as profits tumble

Payout by Saudi Arabia’s state-owned oil company likely to anger energy company campaigners

The Guardian - UK

Aramco Eyes More Investments As China Demand Grows

Saudi Aramco eyes growth in China, aligning with diversification strategy to capitalize on emerging opportunities.

Top News

Saudi Says 8% Aramco Stake Transferred To PIF Wealth Fund Portfolio

Saudi Arabia on Thursday said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media.

International Business Times

Saudi Arabia Transfers 8% Of Aramco To PIF Portfolio

Saudi Arabia transfers 8% of Saudi Aramco to PIF, signaling economic diversification and growth strategy.

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Lexi Thompson, Brittany Lincicome and Megan Khang headline upcoming Aramco Team Series event in Florida

Plenty of big names will be in the field.

USA Today Sports Media Group

Patty Tavatanakit wins first title in three years at 2024 Aramco Saudi Ladies International

Tavatanakit routed the field at Riyadh Golf Club, winning by seven shots.

USA Today Sports Media Group

Charley Hull Overcomes Hotel Room Flood To Pile Pressure On Patty Tavatanakit In $5 Million LET Event

Patty Tavatanakit leads the Aramco Saudi Ladies International by a comfortable margin heading into the final round, but a sleep-deprived Charley Hull is hot on her heels after a great Saturday

Golf Monthly

Patty Tavatanakit halfway to first win in more than three years at 2024 Aramco Saudi Ladies International

The PIF-backed event has a purse of $5 million, which the same as the men's Saudi International.

USA Today Sports Media Group

Saudi Aramco Maintains 12 Million Barrel/day Output Amid Falling Prices

Saudi Aramco, the world's largest oil company, announces it will maintain its maximum daily oil production at 12 million barrels, instead of increasing it ...

Top News

Saudi Arabia surprises oil markets by ditching plan to increase production

Blow to Joe Biden, who had hoped to benefit from lower pump prices in an election year

The Guardian - UK

Saudi Aramco Halts Plan To Raise Production Capacity: Statement

Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday.

International Business Times

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USA Today Sports Media Group

Why did the LPGA-LET merger vote not happen? The answer is Golf Saudi

Golf's future still holds more questions than answers.

The Guardian - UK

Lowerhouse’s remarkable hall of fame adds to historic cricket club charms

Top-class overseas professionals rushed to gain rich experience at still-thriving club before the year-long nature of modern cricket

International Business Times

Asian Markets Enjoy Healthy Bounce After Wall St Rally

Asian markets enjoyed a much-needed bounce Tuesday after a dour start to the year, with traders tracking a rally on Wall Street fuelled by bargain-buying and a surge into sold-off tech giants.

RideApart

Can You Predict The Winners Of The 2024 Dakar Rally? Join This Contest

Race to Win By Aramco is a new contest being rolled out by the organizers of the 2024 Dakar Rally. Prizes include an all-expenses paid trip to Dakar 2025, signed merch, and more.

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Golf Monthly

Biggest Women's Golf Stories 2023

From record-breakers to rule-breakers and the shining stars of the year, these are the stories that 2023 holds

Motorsport

New AlphaTauri name still under wraps as FIA publishes 2024 F1 entry list

Usually, the publication of the list is the first official chance to see any new names, but sometimes teams agree with the FIA to wait due to the requirements of sponsors.

The Independent UK

Saudi registrants for COP28 included undeclared oil company employees, nonprofit says

At least 15 people who registered for Saudi Arabia’s delegation to the COP28 climate conference in Dubai appear to be undeclared employees of the Saudi state oil company, according to research by an environmental nonprofit

International Business Times

50 Oil And Gas Companies Pledge To Cut Operational Emissions

Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday.

Fortune

Oil-rich Saudi Arabia is shelling out for the world’s top sports, but can Mohammed bin Salman buy himself an auto industry?

With Hyundai and tire maker Pirelli setting up plants, the ruler has already struck key deals, but experts doubt the investments are self-sustaining.

Golf Monthly

Why The Proposed LPGA/LET Merger Is Surely A No-Brainer

Ahead of a vote to merge the leading women's golf tours, we believe approval is the best possible outcome

Radio France Internationale

Oil, gas giants could pay climate damage and still profit: report

Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday.

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