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United Kingdom

Saudi Arabian Oil Co (IPO-ARMO.SE)

IPO-ARMO.SE on Saudi Stock Exchange

58,460JPY
7 Dec 2017
Change (% chg)

¥-580 (-0.98%)
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¥59,040
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Volume
135
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94
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Latest Key Developments (Source: Significant Developments)

Saudi Officials Consider Delaying Aramco IPO - WSJ, Citing Sources
1:21pm BST 

Sept 16 (Reuters) - :SAUDI OFFICIALS CONSIDER DELAYING ARAMCO IPO -- WSJ, CITING SOURCES.SAUDI OFFICIALS SEEK CLARITY ON DAMAGE BEFORE CHANGING ARAMCO IPO PLAN -- WSJ, CITING SOURCES.  Full Article

Saudi Aramco's HY Net Income Falls To $46.90 Bln From $53.02 Bln
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Saudi Arabian Oil Co ::SAUDI ARABIAN OIL COMPANY 2019 HALF-YEAR REPORT.HY NET INCOME $46.9 BILLION VERSUS $53.02 BILLION.HY REVENUE & OTHER INCOME RELATED TO SALES $163.88 BILLION VERSUS $167.68 BILLION A YEAR EARLIER.HY INCOME BEFORE INCOME TAXES $98.49 BILLION VERSUS $101.23 BILLION.HY INCOME TAXES $45.59 BILLION VERSUS $48.21 BILLION.CASH AND CASH EQUIVALENTS AS AT JUNE 30 2019 WERE $39.53 BILLION VERSUS $48.84 BILLION AS AT DEC. 31 2018.HY CRUDE OIL PRODUCTION 10 MMBPD VERSUS 10 MMBPD.SAUDI ARAMCO HY REFINING GROSS THROUGHPUT 4.6 MMBPD VERSUS 4.5 MMBPD.SAUDI ARAMCO PRESIDENT & CEO AMIN H. NASSER SAYS "LOOKING AHEAD, WE WILL MAINTAIN A PRUDENT AND FLEXIBLE BALANCE SHEET".SAUDI ARAMCO CEO SAYS "DESPITE LOWER OIL PRICES DURING THE FIRST HALF OF 2019, WE CONTINUED TO DELIVER SOLID EARNINGS AND STRONG FREE CASH FLOW".TOTAL DIVIDENDS PAID TO SHAREHOLDERS IN H1 2019 WERE $46.39 BILLION VERSUS $32 BILLION IN H1 LAST YEAR.HY NET INCOME HURT BY 4% DECREASE IN AVERAGE REALIZED PRICE OF CRUDE OIL AND INCREASE IN COSTS.TOTAL DIVIDENDS PAID TO SHAREHOLDERS IN H1 2019 COMPRISE ORDINARY DIVIDEND OF $26.39 BILLION AND SPECIAL DIVIDEND OF $20 BILLION.INCREASE IN HY FREE CASH FLOW DRIVEN IN LARGE PART BY 12% DECREASE IN CAPITAL EXPENDITURE TO $14.47 BILLION.  Full Article

Saudi Aramco Revs Up IPO Plans For As Soon As 2020 - WSJ
Friday, 9 Aug 2019 

Aug 9 (Reuters) - :SAUDI ARAMCO REVS UP IPO PLANS FOR AS SOON AS 2020 - WSJ.  Full Article

Saudi Aramco Expected To Report Net Income Of About $47 Bln For First Half Of 2019- Energy Intelligence
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - :SAUDI ARAMCO IS EXPECTED TO REPORT NET INCOME OF ABOUT $47 BILLION FOR THE FIRST HALF OF 2019- ENERGY INTELLIGENCE, CITING SOURCES.  Full Article

Saudi Aramco Awards Técnicas Reunidas Packages 9 And 11 Of Marjan Upstream Program
Wednesday, 10 Jul 2019 

July 10 (Reuters) - Tecnicas Reunidas SA ::SAUDI ARAMCO AWARDS TÉCNICAS REUNIDAS PACKAGES 9 AND 11 OF MARJAN UPSTREAM PROGRAM.SAUDI ARAMCO AWARDED TÉCNICAS REUNIDAS PART OF THE FACILITIES OF ITS NEW GAS PLANT IN TANAJIB.SAYS DEAL INCLUDES ENGINEERING, SUPPLY OF EQUIPMENT AND MATERIALS, CONSTRUCTION, INSTALLATION AND COMMISSIONING.CONTRACTS HAVE A TOTAL DURATION OF 44 MONTHS AND A COMBINED VALUE OF APPROXIMATELY 3,000 MILLION USD.  Full Article

Fitch Ratings Aramco's Sabic Deal Echoes Oil Majors' Vertical Integration
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Aramco Gulf Operations Co Ltd ::FITCH RATINGS: ARAMCO'S SABIC DEAL ECHOES OIL MAJORS' VERTICAL INTEGRATION.FITCH SAYS ARAMCO'S SABIC DEAL ECHOES OIL MAJORS' VERTICAL INTEGRATION.FITCH SAYS OIL MAJORS ARE MORE ADVANCED IN THEIR EFFORTS TO FURTHER VERTICAL INTEGRATION, BUT NATIONAL OIL COMPANIES ARE CATCHING UP..FITCH SAYS BELIEVE SABIC TRANSACTION COULD HAVE BEEN MOTIVATED PARTLY BY GOVERNMENT'S DECISION TO RAISE CASH TO FUND INVESTMENTS ELSEWHERE.FITCH SAYS ASSUME SABIC TRANSACTION WILL BE FUNDED LARGELY FROM SAUDI ARAMCO'S FREE CASH FLOWS.FITCH SAYS ASSUME SAUDI ARAMCO'S LEVERAGE WILL REMAIN VERY CONSERVATIVE BY INDUSTRY STANDARDS.FITCH SAYS ESTIMATE THAT WITH SABIC, SHARE OF DOWNSTREAM IN SAUDI ARAMCO'S TOTAL EBITDA WILL INCREASE TO 9%, COMPARED WITH 3% PREVIOUSLY.FITCH SAYS OIL MAJORS ARE MORE ADVANCED IN THEIR EFFORTS TO FURTHER VERTICAL INTEGRATION, BUT NATIONAL OIL COMPANIES ARE CATCHING UP.FITCH-ARAMCO INTENSIFIED INVESTMENTS IN DOWNSTREAM, PETROCHEMICALS IN LINE SAUDI VISION 2030,WHICH CALLS FOR DIVERSIFICATION OF ECONOMY BEYOND OIL.  Full Article

KBR's Solvent Deasphalting Technology ROSE Selected for Saudi Aramco's Riyadh Refinery
Monday, 1 Apr 2019 

April 1 (Reuters) - KBR Inc ::KBR INC - AWARDED A CONTRACT BY SAUDI ARAMCO FOR KBR'S SUPERCRITICAL SOLVENT DEASPHALTING (SDA) TECHNOLOGY ROSE.KBR - WILL PROVIDE A 3-PRODUCT ROSE TECHNOLOGY LICENSE, BASIC ENGINEERING DESIGN, OTHERS FOR SAUDI ARAMCO'S RESIDUE UPGRADING AND CLEAN FUELS PROJECT.  Full Article

Moody's Assigns First-Time A1 Issuer Rating To Saudi Aramco; Stable Outlook
Monday, 1 Apr 2019 

April 1 (Reuters) - Moody's::MOODY'S ASSIGNS FIRST-TIME A1 ISSUER RATING TO SAUDI ARAMCO; STABLE OUTLOOK.MOODY'S SAYS SAUDI ARAMCO HAS AN EXTREMELY STRONG LIQUIDITY POSITION.MOODY'S SAYS SAUDI ARAMCO IS WHOLLY-OWNED BY STATE AND IS EXPECTED TO REMAIN LARGELY UNDER GOVERNMENT OWNERSHIP EVEN AFTER ANY POTENTIAL IPO IN FUTURE.MOODY'S SAYS STABLE OUTLOOK REFLECTS MOODY'S EXPECTATION THAT SAUDI ARAMCO'S CREDIT PROFILE WILL REMAIN ROBUST DESPITE VOLATILITY OF CRUDE OIL PRICES.MOODY'S SAYS GIVEN GOVERNMENT OWNERSHIP AND ITS STRATEGIC IMPORTANCE TO SAUDI ARABIA, MOODY'S HAS CLASSIFIED SAUDI ARAMCO AS A GOVERNMENT-RELATED ISSUER (GRI).MOODY'S - DOWNGRADE OF SAUDI ARAMCO'S RATING IN ABSENCE OF RATING PRESSURE ON SOVEREIGN IS HIGHLY UNLIKELY GIVEN MOODY'S CURRENT VIEW OF FUNDAMENTAL STRENGTH OF CO.  Full Article

Fitch Publishes Saudi Aramco's 'A+' First-Time IDR, Outlook Stable
Monday, 1 Apr 2019 

April 1 (Reuters) - Fitch::FITCH PUBLISHES SAUDI ARAMCO'S 'A+' FIRST-TIME IDR, OUTLOOK STABLE.  Full Article

Sabic Says PIF, Saudi Aramco Sign Deal For Acquisition OF PIF’s Stake In Sabic By Aramco
Thursday, 28 Mar 2019 

March 28 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::ANNOUNCES RECEIVING NOTIFICATION THAT PIF AND SAUDI ARAMCO HAVE SIGNED PURCHASE AGREEMENT FOR ACQUISITION BY SAUDI ARAMCO OF ALL OF PIF’S STAKE IN SABIC.SAUDI ARAMCO WILL OWN 70% OF SABIC’S OUTSTANDING SHARE CAPITAL.SAUDI ARAMCO HAS ADVISED THAT IT HAS NO PLANS TO PURCHASE THE REMAINING 30 PERCENT OF SABIC’S SHARES.  Full Article

Saudi Arabia shuts pipeline to Bahrain after oil outage - trade sources

DUBAI/LONDON Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters on Monday.

No consensus analysis data available.