The energy giant posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, it said in the statement to the Saudi Stock Market
Saudi Aramco has slashed its selling price for April and announced plans to raise output to a record 12.3 million bpd
'Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 bpd,' the company said
The world's biggest crude exporter has been pumping some 9.8 million bpd which means it will be adding at least 2.5 million bpd from April
Aramco's record IPO in December had valued the firm at $1.7 trillion, making it the world's most valuable company
The battle ended when the Organization of the Petroleum Exporting Countries (OPEC) and Russia struck a deal to cut production
Biggest oil exporter usually gives pricing on 5th of each month
Though oil giant Saudi Aramco was supposed to be a largest investor, particularly in the PCPIR in Visakhapatnam, it went away to Maharashtra
ONGC has always traded at a discount to its global peers, it has widened to record levels in recent months
Riyadh-headquartered SABIC, the world's fourth largest petrochemicals group, has operations in over 50 countries
Currently, the government owns the entire 100 per cent stake in LIC.
Houthi military spokesman Yahya Saria did not give a timeframe for the assault
Ambani had in August last year announced that the deal with Aramco will close by March 2020 but it is now expected to close within the current calendar year
For the December 2019 ended quarter, RIL turned free cash flow (FCF) positive, a reversal that most brokerage firms welcomed
The deal, aimed at cutting its massive debt and secure an assured supply of crude oil to its refineries, was expected to be closed by March 31, 2020
The world's most profitable company extended declines on Monday after dropping to its lowest closing price yet a day earlier.
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Government's demand for pending dues may delay company's plan to reduce debt