Saudi Arabian Oil Co. Company News

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Reliance, Aramco to Stall Talks on Refinery Stake Sale
Tuesday, July 23, 2019Indian billionaire Mukesh Ambani's Reliance Industries Ltd.'s talks to sell a minority stake in its refinery business to Saudi Arabian Oil Co. have stalled on differences over the deal's structure.

Aramco's $1.6B Hyundai Oilbank Deal Deepens Asian Refining Ties
Monday, January 28, 2019Saudi Arabian Oil Co. is taking a nearly 20% stake in South Korean oil refiner Hyundai Oilbank Co. for $1.6 billion.

Saudis Cut Asia Light Oil Pricing for First Time in Eight Months
Monday, March 05, 2018Saudi Arabia cut pricing for Arab Light crude to Asia for the first time in eight months.

How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015
Tuesday, October 10, 2017Saudi Arabia has promised to do 'whatever it takes' to end the global oil gut.

Saudis Seen Bolstering Oil Market Defense With Asia Storage
Friday, September 02, 2016Saudi Arabia is poised to expand use of oil storage tanks in Japan and China, strengthening ties with its two largest Asian buyers as it fends off competitors for market share.

Rosneft Mimics Saudi Strategy To Get Foothold In Indian Market
Wednesday, June 15, 2016Rosneft OJSC is mimicking the strategy of its biggest global competitor to expand in India as the world's top oil exporters vie for business in the fastest-growing crude-consuming nation.

Saudi Aramco Expanding Oil, Gas Projects Even With Low Prices
Wednesday, March 30, 2016Saudi Arabian Oil Co. is pressing ahead with an expansion of the Khurais oil field despite lower crude prices and plans to double its production of natural gas over the next 10 years.

Saudi Aramco: Going Beyond the Tradition
Friday, May 24, 2013Saudi Aramco highlights its new upstream strategy, which aims to invest more in R&D and technology.

Saudi Aramco's Manifa Oil Field On Stream Ahead of Schedule
Monday, April 15, 2013Saudi Aramco says it has started production at its vast Manifa oil field three months ahead of schedule.

Saudi Aramco CEO Urges Industry to Change 'Sunset' Views
Tuesday, March 05, 2013Saudi Aramco CEO Khalid Al-Falih applauds the industry's success but warns that history will repeat itself.

New Gas Field Discovered in Red Sea
Wednesday, October 10, 2012Saudi Arabian Oil says it has discovered a new gas field northwest of the port of Daba in the Red Sea.

ConocoPhillips Reports Q2 Net Income of $5.2 Billion
Wednesday, July 26, 2006ConocoPhillips said that it earned second-quarter net income of $5,186 million, or $3.09 per share, compared to $3,138 million, or $2.21 per share, for the same quarter in 2005.