Saudi Aramco

How Saudi Arabia plans to keep us addicted to oil

The kingdom is busy pursuing a green strategy at home while assiduously slowing progress on phasing out fossil fuels

Fri Nov 25 2022 - 05:28

Saudi Aramco posts second highest profit as oil prices surge

Economic slowdown pushes Aramco’s downstream unit, responsible for refining, chemicals and fuel distribution, to pretax loss of $1.1 billion

Tue Nov 01 2022 - 14:45

Saudi Aramco profits surge 82% in first quarter

Soaring energy prices boost oil exporter, which recently overtook Apple as world’s most valuable company

Sun May 15 2022 - 17:50

JP Morgan’s Dimon expects Cork deal to boost future IPOs pipeline

Wall Street veteran gives Fed a 30% chance of pulling off a soft landing

Wed May 04 2022 - 05:45

JP Morgan confirms €665m takeover of Cork's Global Shares

Acquisition described as ‘great news for west Cork’, with scope for more jobs locally

Tue Mar 15 2022 - 12:23

JP Morgan reported to be close to buying Cork’s Global Shares

West Cork-based fintech creates solutions for employee share ownership in companies

Fri Mar 11 2022 - 11:24

Aramco rides post-Covid rebound to record high

Saudi producer ‘on track’ to raise production capacity to 13m barrels by 2027

Mon Feb 21 2022 - 17:33

Apple becomes first company to hit $3tn valuation, briefly

iPhone maker’s share price has climbed more than 200 per cent since Covid first struck

Mon Jan 03 2022 - 21:40

Kingspan sullying itself as ‘greenwashing’ mudguard for Formula One with new deal

Cavan insulation business made an out-of-character mistake joining F1 ‘sustainability’ agenda

Fri Dec 03 2021 - 05:43

Dead oceans, a Twitter pump-and-dump and trillion-dollar Tesla

Planet Business: Boat burning in Glasgow ahead of Cop26

Sat Oct 30 2021 - 05:33

Ken Early: Newcastle take final step in becoming Saudi regime’s pet club

Any success the club achieves won’t feel like the fans always dreamt it would feel

Mon Oct 18 2021 - 06:00

Global Shares revises revenue forecast; to create over 200 more jobs

Clonakilty-headquartered fintech expects full-year revenues to hit $44m this year

Sat Sept 18 2021 - 06:35

Energy giant Saudi Aramco leads €5m investment in Irish company

HT Materials Science has developed technology used in heating and cooling systems

Wed Aug 11 2021 - 14:56

Five trends in green finance

To adequately respond to an issue such as climate change it is crucial to monitor the authenticity of green claims made by organisations

Thu Apr 29 2021 - 11:00

Kentech to buy SNC-Lavalin’s oil and gas business

Deal will boost Irish-founded engineering company’s turnover to $1 billion

Wed Feb 10 2021 - 14:59

Russian energy giant Rosneft swings to net loss, hit by pandemic

Company’s oil and gas condensate output down 3.2% on previous quarter

Fri Nov 13 2020 - 14:58

China’s Ant Group to raise more than $34bn in record market debut

IPO value of company controlled by Jack Ma is set to eclipse record-holder Saudi Aramco

Tue Oct 27 2020 - 10:48

EY Entrepreneur of the Year: nominee profiles

The last four of eight shortlisted nominees in the international category of the award

Sat Sept 26 2020 - 05:09

Fintech firm Global Shares aiming to be west Cork’s ‘first unicorn’

Clonakilty-based company hiring 150 and planning to float

Fri Sept 11 2020 - 13:00

European stocks stumble as futures point to losses on Wall Street

Futures trades indicate London equity rally continuing as Wall Street shrugs off tech rout

Tue Sept 08 2020 - 11:43

European stocks rise following Wall Street sell-off

Analysts warn full economic recovery from coronavirus pandemic remains distant prospect

Mon Sept 07 2020 - 11:11

Apple becomes first US company worth $2tn as shares surge 50%

Tech giant now worth $300 billion more than the next-largest US company, Amazon

Wed Aug 19 2020 - 17:19

Bank and energy stocks lift European markets

Tech companies slide amid US-China tensions

Mon Aug 10 2020 - 18:37

Providence shares rise as Barryroe expert joins board

Market sees appointment of Andrew Mackay as vote of confidence in Irish prospect

Fri Jul 03 2020 - 17:44

Saudi Aramco profit falls 25% but dividend in line

First quarter dividends ‘the highest of any listed company worldwide’, says oil exporter

Tue May 12 2020 - 12:14

Saudi Arabia announces austerity measures to cope with Covid-19 impact

Kingdom triples its VAT rate to 15% and cuts allowance for government workers

Mon May 11 2020 - 17:54

Shell cuts dividend for first time since World War Two

Company had planned to boost payouts to investors to $125bn between 2021 and 2025

Thu Apr 30 2020 - 09:04

Oil resumes its decline to trade near $15 a barrel

Swelling global crude stockpiles makes it more difficult to balance the market

Mon Apr 27 2020 - 07:01

Oil under pressure on doubts about US-backed Opec deal

Prices rallied before agreement but cuts will struggle to make up for collapse in demand

Mon Apr 13 2020 - 17:08

Oil prices rally as Trump spurs hopes for Russia-Saudi pact

Emergency meeting of Opec and other oil producer nations sought

Thu Apr 02 2020 - 17:18

Saudi Aramco slashes spending as oil price war rages

Capital expenditure expected to fall 23% at state energy company

Sun Mar 15 2020 - 15:03

Saudi Arabia ramps up oil price war with plan to maximise supply

‘Shock and awe’ strategy designed to disrupt market

Tue Mar 10 2020 - 13:53

Mohammed bin Salman purges rivals to clear path to throne

Salman has fomented tension among royals by violating established order of succession

Mon Mar 09 2020 - 18:57

Alphabet on the brink of joining the $1tn club

With Google’s sales growing as fast as a decade ago, company nears market cap milestone

Mon Jan 13 2020 - 13:27