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Saudi Aramco: Oil and gas Saudi Arabia: 2018 31 December 2018 SAR 416.52 [3] $134.77 2 Saudi Aramco Oil and gas Saudi Arabia: 2021 31 December 2021 SAR 412.4 [4] $129.47 3: Vodafone: Telecommunications United Kingdom: 2014: 31 March 2014: £59.42 [1] $127.23 4: Fannie Mae: Financial services United States: 2013: 31 December 2013: $83.98 [2 ...
Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before amid worries about a slowing global economy. Aramco, formally known as the Saudi Arabian Oil ...
Saudi Aramco announced a cut in capital expenditures from $35–40 billion planned to $25–30 billion. [58] The government also increased its debt ceiling from 30 to 50 percent of GDP, due to both oil prices and the impact of the pandemic, and planned to cut its spending by 5 percent as its budget deficit was expected to increase from 6 to 9 ...
Saudi state-run oil giant Aramco on Monday reported $30 billion in second quarter profit, a nearly 40% decline from the same period the previous year that it attributed to lower oil prices. In an ...
The losses were related to the investments in WeWork and Uber Technologies Inc. In the 39-year history of SoftBank, the Saudi Arabia-backed funds paid the group its worst-ever losses, where the overall company losses were 1.36 trillion yen (more than $12.5 billion). [34]
But Aramco subsequently transferred nearly $98 billion in dividends, 30% more than in 2022, to the Saudi government, which now owns 82.2% of Aramco. A week later, MBS announced that Aramco had ...
Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue. [1] The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. [2]
On Saudi Aramco’s campus at the edge of the Arabian Gulf, the vast scale of the world’s biggest oil producer is on stark display. In one building, a curved monitor 140 feet long wraps around a ...