Aramco shareholders

7 per cent stake on the Saudi stock market in 2019, raising about $29bn in a Dec 31, 2016 · THIS SHAREHOLDERS’ AGREEMENT (the Agreement) is made on 31, October 2016 (G),. 58 Nov 8, 2023 · Aramco announced its third-quarter 2023 results on Tuesday. Feb 13, 2022 · The government remains the largest stakeholder in Aramco, owning 94 per cent of shares, after the energy giant sold a 1. 4B 3 M 2024 Saudi Aramco profit dips 24% to SAR 452. 9B 12 M 2023 Saudi Aramco profit drops 26% to SAR 349. 3 billion) How we determined it Approimately 4 % of inome eore inome taes and aat Rationale for the materiality benchmark applied Apr 16, 2017 · FREP shareholders celebrate decade-long partnership. O. 89 bln in 9M 2023; Q3 at SAR 123. And we continued to deliver an uninterrupted supply . 4 billion ($10. Following the announcement in the first quarter of Aramco’s intention to introduce a mechanism for performance- Aramco’s robust balance sheet, which provides the flexibility to capture growth opportunities and create long-term value for shareholders across oil price cycles. Disclosing the results of shareholder votes on the appointment, Reliance in a regulatory filing said 98. ayer inclusive global energy transition. 5 billion on an enterprise value basis, makes it 100% owner of ARLANXEO, enabling further diversification of Saudi Aramco’s downstream portfolio, and strengthening the company’s capabilities across the energy and chemicals value-chain. Aramco’s exceptional past belongs to its future. 5 billion, to be paid in the first quarter of 2023. DUBAI - Saudi Arabia 's Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco to the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund , the government said Aramco’s vision is to be the world’s preeminent integrated energy and chemicals company, operating in a safe, sustainable and reliable manner. 1 billion — its highest annual profits as a listed company. Our people define our success. Aramco also declared a fourth quarter dividend of $19. 545 billion shares of the Company (the “Offer Shares”), representing 0. Amin Nasser, president and CEO of Saudi Aramco, pictured in 2019 Mar 12, 2023 · Aramco announces record full-year 2022 results. 81%, Saudi Basic Industries Corporation (SABIC) 24. Dec 11, 2019 · Saudi shareholders are still dependent on Aramco’s performance, just through a different mechanism. Apr 16, 2023 · The state remains Aramco's biggest shareholder, owning 90. 545 billion shares (the “Offering”), in which the majority of the shares constituting the institutional tranche of the Offering was allocated to investors located outside of the Kingdom, as of 9 June 2024, the public shareholders of Saudi Arabian Oil Company (Saudi Aramco Aramco strives to provide reliable, affordable, and more sustainable energy to communities around the world, and to deliver value to its shareholders through business cycles by maintaining its preeminence in oil and gas production and its leading position in chemicals, aiming to capture value across the energy value chain and profitably growing Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Group or simply Aramco (formerly Arabian-American Oil Company), is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. Follow SAUDI ARAMCO Tadawul TASI and get the latest News, SAUDI ARAMCO Earnings, SAUDI ARAMCO Financial Ratios, SAUDI ARAMCO Market Data, SAUDI ARAMCO Charts, SAUDI ARAMCO careers and more. He added that Aramco has adequate spare capacity of about business, Aramco captured value from these market conditions and delivered robust earnings and free cash flow. 5% YoY to $161. ARAMCO OVERVIEW AD STRATEGY 3. The Saudi Arabian Oil Company (“Aramco” or “the Dear Shareholders, In 2021, Aramco continued to focus on generating long-term shareholder value while also taking significant steps to position the Company for continued success in a world transitioning to a cleaner energy future. 19% of the shares of the Company. Access our latest quarterly and full-year financial reports, presentations, and documents. In 2021, chairman and managing director Mukesh D Ambani had announced May 31, 2024 · FILE - Storage tanks are seen at the North Jeddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021. President and CEO’s message. 55 and adjusted EPS of $0. Aramco remains focused on generating shareholder returns through a balanced mix of growth and yield, and the Company declared base dividend of SAR 73. 5 billion) for the second quarter. 81%, and the Public Investment Fund (PIF) 24. 5 GW. The company had an aggregate of $37. maximize shareholder return, Aramco completed a SAR 46. 3 billion) and the fourth distribution of the performance-linked dividends of SAR 40. Capital Increase Highlights – Bonus Issue. 5 billion, we Dec 31, 2018 · Saudi Aramco’s purchase of LANXESS’s 50% share in ARLANXEO, valued at €1. 39 price Major Shareholders - Saudi Aramco for Development company Major Shareholding in Market; Historical Changes; Company Aug 7, 2023 · Notable: A bigger payout for shareholders. The company began drilling for oil in 1938. The SABIC board will ensure strategic alignment, and oversee further creation of value for SABIC and all of its shareholders as SABIC becomes an important member of the Aramco group. 125 billion (US$ 69. Financially, the Company recorded its highest annual profits as a listed compa. Aramco’s investment in the project marks its Jan 19, 2024 · It is not hypothetical that an attack by Iran or its proxies could knock out a significant portion of Saudi oil production and mess things up for Aramco shareholders. 0 per share declared dividends in 2020. Listing Feb 12, 2024 · DUBAI, Feb 12 (Reuters) - Shareholders will decide if Saudi state-oil giant Aramco will sell more shares in 2024, CEO Amin Nasser said on Monday. Commenting on the results, Aramco president and CEO Amin Nasser said, “Our robust financial results reinforce Aramco’s ability to generate consistent value for our shareholders Independent auditor’s report to the shareholders of Saudi Arabian Oil Company (continued) Our audit approach Overview We determined overall Group materiality taking into account the profit-oriented nature of the Group. Accordingly, Saudi Aramco will distribute one The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its first quarter financial results, posting a 30% year-on-year increase in net income to $21. 0% year-on-year, as progress Since its public listing, Aramco has consistently generated value for its shareholders across crude oil price cycles, and Aramco aims to continue to deliver a sustainable and progressive dividend while focusing on long-term value creation. Mar 21, 2022 · Aramco’s income taxes and royalties rose 80% from 2020 to almost $75 billion. 1 billion (2021: $110. It would be the region's first such Jun 17, 2020 · As the new majority shareholder of SABIC, Aramco has the ability to elect the majority of SABIC’s directors. SSaudi Exchange, Riyadh, Saudi Arabia Dnveeg i li r shareholder returns 147 1. Oct 21, 2021 · Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal. 2 billion (201 9: SA 26. Its shares were listed on the Saudi Stock Exchange in 1984, at which time the Government divested 30% of its shareholding in SABIC. 7 billion and declaring a dividend of $18. y as global crude oil prices strengthened The Saudi Aramco Power Company (SAPCO) owns 24. BETWEEN: (1) SAUDI ARAMCO DEVELOPMENT COMPANY, a limited liability company incorporated and registered in the Kingdom with commercial registration number 2052002216 and with its registered office at P. 75 per share declared in the first half of 2021. Said Al Hadrami, vice president of Saudi Aramco International Operations, emphasized the strong partnership between the shareholders and recognized FREP management and employees for their achievements over the past decade. Once again, our resilience shone through. 8 billion), bringing rowthexpected until around the middle of the decadeDhahran, Saudi Arabia, March 20, 2022 – The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2021 financial results, reporting that net in. 1, 2023, leading SOFON Holding, an admin area in Strategy and Corporate Development. The transaction involves the sale of a 49% equity interest in Aramco Oil Pipelines Company (“AOPC”), an Aramco subsidiary, to a consortium of international investors including EIG Global Energy Partners and Mubadala. 1 The Parties acknowledge that, in the period between the Effective Date and the Project Operations Date, Saudi Aramco had the benefit of certain rights in relation to a transfer of its Shareholder Instruments and its entire interest in each Transaction Agreement to which Saudi Aramco is a party to a newly incorporated Saudi Aramco Qualifying Affiliate, such rights as set out in paragraph 8 The Saudi Aramco Power Company (SAPCO) owns 24. 4 bln; Q2 at SAR 108. SABIC was established by the Government of Saudi Arabia as a 100% state-owned company. In a stock exchange filing, Reliance said its shareholders through a postal ballot approved the reappointment of May 7, 2024 · Key financial data. 2% of the company. 65 billion, through one of its wholly-owned subsidiaries. Feb 19, 2024 · The Saudi government is Aramco’s largest shareholder, directly owning 90 per cent of the company. 8 billion to be paid in Q2. Jun 9, 2024 · Pursuant to the final allocation of the fully marketed offering of 1. “The results reflect Aramco’s continued high reliability, focus on cost and our ability to react to market conditions as we generate strong cash flows and further strengthen the balance sheet. Aramco on Sunday kicked off a share sale to raise about $12 billion for Saudi Arabia, one of the biggest deals in recent years that will test investor interest in the kingdom’s assets Government remains Aramco’s largest shareholder. Before assuming this position, he was the president and CEO of the Saudi Aramco TOTAL Refining & Petrochemical Co. 4 The origins of Aramco began when Standard Oil of California set up a new overseas exploration unit after signing a concession agreement with Saudi Arabia in 1933. A subsidiary company, the California Arabian Standard Oil Company (CASOC), was created to manage the agreement. Energy has been running in our DNA for generations. (NYSE: VVV) global products business ('Valvoline Global Operations') for $2. May 16, 2023 · The Saudi state remains Aramco's biggest shareholder, with 90. 81% of the total shareholding in Marafiq along with the other three equal shareholders consisting of the Royal Commission for Jubail and Yanbu' (RCJY) 24. 5 billion in dividends. When added together, the Saudi government controls 98. 81% of the total shareholding in Marafiq along with the other three equal shareholders consisting of the Royal Commission for Jubail and Yanbu’ (RCJY) 24. Aramco made some news in its earnings announcement by promising to pay more to shareholders through a new dividend program. Aramco remains focused on optimizing its portfolio and redeploying capital to higher-return investments. Mar 12, 2020 · A shareholder (or a group of shareholders) representing at least 5% of the ordinary shares of Saudi Aramco (an “Eligible Shareholder”) may one or more agenda item(s) (other than items introduce relating to director nominations, which are governed by the Director Nomination Procedures) to be In December, SABIC declared cash dividends of SAR 2. Reinforcing our commitment to maximize long-term shareholder value, we are also announcing Mar 7, 2024 · Saudi Arabia’s crown prince transferred another 8% of shares in the kingdom’s oil giant Saudi Aramco to the country’s prominent sovereign wealth fund Thursday, March 7, 2024, shares worth some $160 billion. Independent auditor’s report to the shareholder s of audi raian il opany (continued) Overall Group materiality SA 14. We are proud of what we accomplished during 2020. Aligns strengths and interests of two major global companies to enhance competitiveness and address fast growing petrochemicals. That meant total government payments from the firm, including dividends, came to $149 billion last year, up from Oct 31, 2021 · On September 7, Aramco announced a major expansion of its industrial investment program, Aramco Namaat, with the signing of 22 new Memoranda of Understanding and one joint venture agreement. Aramco declared a fourth quarter dividend of $. The results were underpinned by higher oil prices and an improved economic environment in the first Independent auditor’s report to the shareholders of Saudi Arabian Oil Company (continued) Our audit approach Overview We determined overall Group materiality taking into account the profit-oriented nature of the Group. Representatives from Saudi Aramco, ExxonMobil, Sinopec, and the Fujian Mar 12, 2023 · Aramco, which only trades a sliver of its shares on the Saudi stock exchange, said it would increase the dividend it pays out to its shareholders by 4%, to $19. 4 billion) Capital expenditure increased 18. 4 billion. 53 bln 9 M 2023 Aramco H1 2023 profit dips 28% to SAR 226. 8B in 2023; Q4 at SAR 102. Box 500, Dhahran, 3131, the Kingdom (Saudi Aramco); and May 18, 2023 · Aramco also introduced a performance-linked dividend, which will return 50%-70% of annual free cash flow, net of the ordinary dividend and certain external investments, to shareholders. Upstream Aramco continued to demonstrate its strong track record of efficient and reliable operations with total Jun 22, 2024 · Reliance Industries' shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years but over 16 per cent voted against the proposal. External investments refer to acquisition of affiliates, net of cash acquired. 5 billion, we Aug 18, 2020 · Saudi Aramco had held the highest net income, dividends, and total shareholder returns among major oil companies since its IPO. 64% of the Company’s issued shares. The program is focused on capacity building in four key sectors: sustainability, technology, industrial and energy services, and advanced materials. 5 billion in dividends across 1Q fluctuations. 9 bln Mar 11, 2024 · About Aramco. delivering value our strategy. In 2019, an attack by Iranian May 25, 2018 · Valvoline expects to use estimated $2. 8 billion for Q4. Net income rises 46. Saudi Arabia, June 17 2020 – Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259. Based on income before income taxes and zakat of SAR 769. The world’s largest oil exporter will distribute one bonus share for every 10 shares held. Major Shareholders - Saudi Arabian Oil Co. With global demand for crude oil strengthening as economic activity accelerated in key markets, Aramco Feb 8, 2024 · Aramco in each of the last two quarters paid its shareholders nearly $10 billion in performance-linked dividends announced earlier in 2023, on top of Brent-linked royalties and $19. In addition to Standard Oil of California, the shareholders were Texaco, Standard Oil Company of Feb 13, 2022 · The crown prince said the state remains the largest shareholder in Saudi Aramco after the transfer process, as it owns more than 94% of the company's shares. Saudi Arabia said Friday, May 31, 2024, it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019. Ababtain has been appointed as a senior vice president, effective Jan. Full-year cash dividend of $75 billion declared, including $18. In February, Aramco completed one of the world’s largest energy The birth of Arabian oil. In addition to its base Jan 25, 2023 · Sulaiman M. 25 per share to shareholders for the second half of 2021. Following the announcement in the first quarter of Aramco’s intention to introduce a mechanism for performance- Jun 22, 2024 · Reliance Industries' shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years but over 16% Advances Saudi Aramco’s integrated refining and petrochemicals business, provides SABIC with a strategic energy industry shareholder and expanded growth opportunities. 2 billion ($19. 2% share, followed by Public Investment Fund, Saudi Arabia sovereign wealth fund, which owns another 4. DUBAI - Saudi Arabia 's Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco to the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund , the government said Who are the major shareholders (owning 5% or more) of the Company? The Government of the Kingdom of Saudi Arabia currently owns more than 82. . 0 per share were 33% higher than the SAR 3. of energy to the world. Record net income: $161. 1 billion ($20. 1 billion, free cash flow increases to $148. The Offering will be made to institutional investors in the Kingdom of Saudi Arabia, institutional investors located outside of the OWNERSHIP STRUCTURE. (SATORP), since 2018, where the company had achieved highest levels ever in both net income as well as safety Aramco, via its wholly owned subsidiary SAPCO, signed a shareholders agreement with PIF and ACWA Power to invest in the Sudair Solar PV plant, holding a 30% interest in the project. The work began right away. was a year with notable achievements on a number of significant fronts. 0%. Amin Nasser, president and CEO of Saudi Aramco, pictured in 2019 Mar 20, 2022 · Aramco announces full-year 2021 results. The company's biggest Mar 12, 2023 · The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2022 financial results, reporting a record net income of $161. This was 29% higher than SAR 1. It is primarily state-owned but raised $29. Feb 12, 2024 · DUBAI (Reuters) - Shareholders will decide if Saudi state-oil giant Aramco will sell more shares in 2024, CEO Amin Nasser said on Monday. 18% of the world's biggest oil company, and Crown Prince Mohammed Bin Salman said in 2021 that more shares could be sold. 03 per cent of votes were cast in favour of the Jun 22, 2024 · New Delhi: Reliance Industries' shareholders have approved the reappointment of Saudi Aramco Chairman Yasir Othman H Al-Rumayyan as an independent director on the company's board for five years Jun 22, 2024 · Reliance Industries' shareholders have approved the reappointment, of Saudi Aramco Chairman, Yasir Othman H Al-Rumayyan, as an independent director, on the company's board, for five years, but 2. For the full year 2021, the declared dividends of SAR 4. 1. The consortium consists of a broad cross-section of investors Aug 7, 2023 · The world’s third-biggest company just saw its profits plummet 38%—but still paid shareholders $19. 0 billion. Board recommends $4 billion in retained earnings to be capitalized and bonus shares to be distributed to shareholders, reflecting strong 2021 earnings performance. ” stable10Dear Shareholders,For Aramco, 202. The remaining shares equivalent to less than Jun 23, 2024 · Shareholders of Reliance Industries Ltd (RIL) approved the re-appointment of Saudi Aramco chairman Yasir Othman H Al-Rumayyan as an independent director even as 16 per cent of those who cast their votes were against the proposal. 2 billion (2021: $139. The project is one of the largest solar plants in the region with a capacity of 1. Energy security for a more-sustainable world. ome more than doubled year-on-year to $110. May 19, 2024 · Key Takeaways. An additional 8 per cent stake is held by the Public Investment Fund (PIF), the country’s Jun 2, 2024 · 3:05. Saudi Aramco is the world's largest oil producer and the world's most profitable company. Sustainability is embedded within Aramco’s strategy and underpins how it engages with its people, its partners and suppliers, its host communities and the planet, while delivering value to shareholders. The long-term sustainability of the business is driven by the Company’s ability to leverage its competitive Aramco announces record full-year 2022 results. Apr 14, 2023 · Saudi Aramco’s largest and dominant shareholder is the Saudi Arabia government, which owns 94. The state remains the largest shareholder in Sep 5, 2023 · Logo of Saudi Aramco. 5 billion ($12. 1 billion), equating to SAR 123. Contact Us (+966)-92000-7759. We delivered on our shareholder commitments. (AP Photo/Amr Nabil, File) DUBAI, United Arab Emirates (AP) — Saudi Arabia’s crown prince transferred another 8% of shares in the Apr 16, 2023 · Logo of Saudi Aramco. rowthexpected until around the middle of the decadeDhahran, Saudi Arabia, March 20, 2022 – The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2021 financial results, reporting that net in. Please see the Condensed consolidated statement of cash flows for more information. Aramco traces its beginnings to 1933 when a Concession Agreement was signed between Saudi Arabia and the Standard Oil Company of California (SOCAL). 0% year-on-year, as progress Subscribe. On March 27, 2019 (corresponding to 20 Rajab 1440H), the Public Investment Fund (PIF) and Saudi Aramco fluctuations. 18% of the company. Shareholders of Saudi Aramco will vote on increasing the company’s capital to SAR 90 billion from SAR 75 billion through a 1-for-10 bonus-share distribution during an extraordinary general meeting (EGM) scheduled for May 8, according to a Tadawul statement. ( Saudi Aramco) will vote on the board’s recommendation to increase capital to SAR 75 billion from SAR 60 billion via the capitalization of SAR 15 billion from the retained earnings, during the extraordinary general meeting (EGM) slated for today, May 12. Our mission Aramco strives to provide reliable, affordable, and more sustainable energy to communities around the world, and to deliver value to its shareholders through Mar 20, 2023 · Aramco, one of the world's leading integrated energy and chemicals companies, and international contract logistics provider DHL Supply Chain have announced the signing of a shareholders' agreement for a new Procurement and Logistics Hub in Saudi Arabia, to enhance supply chain efficiency and sustainability. The company continues to deliver robust earnings while progressing its growth strategy. Dec 5, 2022 · Shareholders of Saudi Arabian Oil Co. In line with its aim to maximize value for shareholders, the Board declared a base dividend of SAR 76. 81%. We are one of the world's largest integrated energy and chemicals companies, creating value across the hydrocarbon chain, and delivering societal and economic benefits to people and communities around the globe who rely on the vital energy we supply. 25 billion in net cash proceeds from Global Products sale to accelerate return of capital to shareholders, reduce debt and invest in Retail Services business Preliminary revenue for fiscal Q3 2022 of $957 million, reported diluted EPS of $0. Reports & presentations. Mar 2, 2023 · Transaction expands Aramco's lubricants business globally; Opportunity for Valvoline Global Operations to enter new markets and sectors; The Saudi Arabian Oil Company ('Aramco') has completed the acquisition of the Valvoline Inc. Feb 13, 2022 · Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund. The Offering comprises a secondary public offering of 1. He added that Aramco has adequate spare capacity Aug 7, 2023 · The world’s third-biggest company just saw its profits plummet 38%—but still paid shareholders $19. 0 billion) Record cash flow from operating activities: $186. 4 billion) infrastructure deal in June 2021. By the 1950s, Aramco was owned by four shareholder companies and based in New York. Riyadh-based Sanabil is an investment company that commits approximately $3 billion a year to private transactions Feb 9, 2024 · Aramco in each of the last two quarters paid its shareholders nearly $10 billion in performance-linked dividends announced earlier in 2023, on top of Brent-linked royalties and $19. Shareholders of Saudi Aramco approved the board’s proposal for increasing capital to SAR 90 billion from SAR 75 billion through the capitalization of SAR 15 billion from retained earnings. 5 billion base Feb 7, 2024 · Aramco’s Q1 2024 net profit drops 12% to SAR 103. The Aramco IPO will still be the world’s largest, but by an eyelash instead of a landslide. 5 billion. 5 billion base Feb 13, 2022 · The crown prince said the state remains the largest shareholder in Saudi Aramco after the transfer process, as it owns more than 94% of the company's shares. Jun 18, 2021 · Aramco and an international investor consortium, including EIG and Mubadala, today announced the successful closing of the share sale and purchase agreement, in which the consortium has acquired a 49% stake in Aramco Oil Pipelines Company, a subsidiary of Aramco, for $12. re ga qr ws sw ev tw jn pq wi