Page 3 - Saudi Aramco

Aramco eyes new investments in India after Reliance scraps $15-bn deal

Aramco had signed a non-binding letter of intent in August 2019 for a potential 20% stake in Reliance's oil-to-chemicals unit valued at about $15 billion

Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 cr

Analysts said market was factoring in a full $75 bn valuation for O2C segment. Irrespective of the refining and petrochem cycle, the key catalyst for the market was Aramco deal closure

Sensex, Nifty tank 2% each amid broad-based sell-off; India VIX hits 17

Broader indices suffer deeper cuts; SmallCap index declines 3%; RIL sinks 4% after calling off deal with Saudi Aramco

Reliance Industries slips 4% on calling-off Saudi Aramco deal

Saudi Aramco was suppose to acquire 20 per cent stake in Reliance's oil to chemicals (O2C) business

Aramco deal on backburner a minor setback; buy RIL on dips: Analysts

RIL shareholders had recently passed a resolution in October to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director to the conglomerate's board

A better balance sheet, green plans behind RIL's change of tack for oil biz

RIL and Saudi Aramco signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake acquisition by Saudi Aramco in the O2C business of Reliance.

A better balancesheet, green plans behind RIL's change of tack for oil biz

RIL now plans to take in partners in its new energy and specialty chemical businesses which means its subsidiaries will take different directions based on their requirement for technology tie-ups

RIL, Saudi Aramco decide to re-evaluate proposed investment in O2C biz

RIL withdraws application to separate Oil to Chemicals business

RIL reboots Aramco deal, to re-evaluate structure after new energy forays

The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months

ONGC, Saudi Aramco sign feedstock and marketing MoU

Public sector oil and gas explorer Oil and Natural Gas Corporation Limited has inked a Memorandum of Understanding with world's largest oil company Saudi Aramco

Saudi Aramco net income surges 160% on rise in oil price, demand

Aramco shares were up 1 per cent in early trade after the company disclosed its results

Saudi Aramco sees third-quarter income rise to $30.4 bn on oil price surge

CEO Amin Nasser describes the company's third-quarter results as "exceptional.

Top headlines: RIL shareholders approve Saudi appointment; setback for Zee

Business Standard brings you the top stories from today

RIL shareholders pass resolution to add Saudi Aramco chairman as director

A little over 98% of the total votes polled on the resolution were in favour of Al-Rumayyan's addition, Reliance said in a statement

PM Modi meets global oil executives, urges to boost local production

Modi listed the upstream oil and gas reforms undertaken in the last seven years

Reliance Industries looks at global tie-ups in renewables, says report

Ballard Power could be one of potential collaborators in fuels cells, Saudi Aramco for green ammonia and Siemens Green Energies for carbon capture and storage

Saudi Aramco hits $2-trn valuation on back of higher oil prices

Saudi Arabia's oil company Aramco reached a $2 trillion valuation as it hit near record levels Wednesday during trading hours. Its market cap value puts Aramco just behind Microsoft and Apple as the world's most valuable company. It comes as crude oil prices climb to over $82 a barrel, the highest in seven years. Demand for energy is picking up, despite the ongoing coronavirus pandemic's continued toll on travel and other key gas-guzzling sectors. Aramco is mostly owned by the government of Saudi Arabia, with just under 2% of the company publicly listed on the Saudi Tadawul stock exchange. Aramco was trading at around 37.6 riyals a share, or a few cents over $10 a share, by midday Wednesday before dipping to 37.2 riyals a share, or around $9.92 a share. It remains to be seen whether it can hold this rally until trading closes. Saudi Crown Prince Mohammed bin Salman was the architect behind the effort to publicly list a sliver of Aramco in late 2019, touting it as a way to raise ..

In Focus: Reliance Industries the latest target of shareholder activism?

One of the world's largest institutional investors has locked horns with RIL over its appointment of the Saudi Aramco chairman as an independent director. Do they have a real case, legally speaking?

RIL backs Saudi Aramco chairman appointment as independent director

Reiterates that his induction has no connection with Saudi Aramco's plans to buy a stake in RIL's oil-to-chemical business

Reliance Industries backs Saudi Aramco chairman as independent director

RIL said in a stock exchange filing that the appointment of Yasir Al-Rumayyan will 'benefit Reliance through the transition from oil to chemicals and the aim to achieve Net Carbon Zero by 2035'