by Amruth Sundarkumar | Nov 2, 2022 | Corporates
Saudi Aramco reported a 39% YoY jump in its Q3 net profit at $42.4bn, benefitting from higher oil prices and increased sales volumes. The oil major also noted that the average realized crude oil price for the quarter was at $101.7/bbl compared with $72.8/bbl in the...
by Amruth Sundarkumar | Aug 15, 2022 | Corporates, Global
Saudi Aramco reported a 90% YoY jump in its Q2 net income to $48.4bn on the back of higher crude oil prices and volumes, strong refining margins, and higher downstream margins. Revenue saw an 80% YoY growth to $149.8bn. Aramco’s free cash flows rose by 53% YoY...
by Amruth Sundarkumar | Aug 2, 2022 | Corporates, Global
Saudi Aramco announced that it will be buying US-based Valvoline’s global products business for $2.65bn, with an equity purchase agreement in place. Valvoline Global Products (VGP) is a independent producer and distributor of premium branded automotive, commercial and...
by Amruth Sundarkumar | Jul 22, 2022 | Investment Grade Bonds
Issuers from the Middle East are said to have lined up bond deals, awaiting a favourable window to launch. The list includes the Kingdom of Saudi Arabia, Saudi’s sovereign wealth fund PIF, Qatar, ADNOC, the EIG-led consortium in Aramco’s pipeline...
by Amruth Sundarkumar | Mar 21, 2022 | Corporates
Saudi Aramco reported a more than doubling of its annual 2021 profits to $110bn (up 124% YoY) on the back of higher crude oil prices, better refining and chemicals margins, and consolidation of its chemicals business. Aramco reported free cash flows of $107.5bn vs....
