Aramco

Saudi Arabia Leverages Aramco Oil Field Brine to Propel Lithium Battery Development

5 days ago

In a significant move towards enhancing its position in the renewable energy sector, Saudi Arabia has announced an innovative initiative to extract lithium from the brine produced by its oil fields. This ambitious strategy aims to support the growing demand for lithium, a critical component in lithium-ion batteries that power electric vehicles and renewable energy storage systems. This initiative, spearheaded by Saudi Aramco, marks a crucial step in the Kingdom's broader plan to diversify its economy away from oil dependency.

Saudi Aramco Partners with Global Firms for Groundbreaking Carbon Capture Project

19 days ago

In a significant move towards environmental sustainability, Saudi Aramco has announced the collaboration with multiple international partners in a groundbreaking carbon capture and storage project. This initiative reflects the kingdom's commitment to reducing carbon emissions and advancing technologies that could lead the way for a green transition in the oil and gas sector.

Saudi Aramco's CFO Shares Insights on Debt Management and Dividend Strategy

29 days ago

In a revealing interview, the Chief Financial Officer of Saudi Aramco, the world’s largest oil company, discussed the company’s financial strategies, particularly focusing on debt and dividends in the backdrop of fluctuating oil markets and global economic uncertainties.

Saudi Aramco CFO Abruptly Exits MIT Event Amid Climate Protest Controversy

1 month ago

In a striking incident that has drawn significant attention, the Chief Financial Officer of Saudi Aramco, the state-owned oil giant of Saudi Arabia, made a hasty departure from an event at the Massachusetts Institute of Technology (MIT) recently. This abrupt exit was triggered by a protest centered around climate issues, a topic that has become increasingly contentious within the corporate and environmental communities alike.

Breaking: Saudi Aramco CFO Flees Climate Protest Near Boston

1 month ago

In an unexpected turn of events, the Chief Financial Officer of Saudi Aramco, the world's largest oil producer, made headlines after leaving a public event near Boston prematurely due to a climate protest. This incident, which unfolded on November 21, 2024, highlights the growing tensions between major oil companies and climate activists as the world grapples with the increasing effects of climate change.

Saudi Aramco Maintains Record Payout Amid Financial Uncertainty

2 months ago

In a surprising display of resilience, Saudi Aramco has announced that it will continue to deliver the world's largest shareholder payout, even as the finances of the Saudi nation exhibit signs of strain. The oil giant unveiled its decision to maintain its quarterly dividend at the hefty sum of $19.5 billion, showcasing a commitment to its shareholders despite the current economic challenges.