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2022-03-03 14:10:00

SAUDI ARAMCO $2.3 TLN

SAUDI ARAMCO $2.3 TLN

AN - March 02, 2022 -  Shares in oil giant Aramco touched the highest level in its history of SR43.1 ($11.5) on Wednesday, propelled by a rally in the energy market.

This brought the oil giant’s market value to as much as $2.3 trillion, positioning it as the second-largest valued company worldwide after Apple Inc.

The shares have been trading at record levels for few times recently, breaking a new record every few days.

At 11:48 a.m., shares slightly retreated to SR42.85, having jumped 3.38 percent during the day.

Oil prices rose significantly ahead of the OPEC+ meeting –where the Organization of the Petroleum Exporting Countries members and its allies will convene to discuss oil output.

Brent crude topped $111 during Wednesday Trading, after settling at $105 a day earlier, and US benchmark WTI neared $110 per barrel as of 11:44 a.m. Saudi time.

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Earlier:

SAUDI ARAMCO $2.3 TLN
2022, February, 28, 13:00:00
ARAMCO INVESTMENT DEAL $15.5 BLN
The consortium has acquired 49% stake in Aramco Gas Pipelines Company, a subsidiary of Aramco, for $15.5 billion.
SAUDI ARAMCO $2.3 TLN
2022, February, 9, 12:20:00
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We are targeting our production capacity to become 13.4, 13.5 million barrels a day by 2027.
SAUDI ARAMCO $2.3 TLN
2022, February, 1, 14:25:00
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SAUDI ARAMCO $2.3 TLN
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SAUDI ARAMCO $2.3 TLN
2022, January, 13, 13:50:00
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Saudi Arabia plans to generate 15109 gigawatt hours of electricity from renewable sources by 2024, supplying 692,557 houses with energy, the Kingdom's Gastat said on its website.
SAUDI ARAMCO $2.3 TLN
2021, December, 13, 12:35:00
SAUDI ARABIA, KUWAIT OIL PRODUCTION RISE
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SAUDI ARAMCO $2.3 TLN
2021, December, 7, 17:55:00
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Aramco Gas Pipelines Co. will lease usage rights in its parent company's gas pipelines network and lease them back to Aramco for a 20-year period.
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Tags: SAUDI, ARAMCO
Chronicle:
SAUDI ARAMCO $2.3 TLN
2023, January, 27, 09:49:00
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SAUDI ARAMCO $2.3 TLN
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OIL AND GAS AUTOMATION AND DIGITALIZATION 2023
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SAUDI ARAMCO $2.3 TLN
2023, January, 25, 10:45:00
OIL PRICE: BRENT BELOW $87, WTI ABOVE $80
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SAUDI ARAMCO $2.3 TLN
2023, January, 25, 10:40:00
РАЗВИТИЕ РОССИЙСКОЙ ЭЛЕКТРОЭНЕРГЕТИКИ
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