Recent events
Recent events tied to this brand in public sources.
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2021
Aramco announces sponsorship of Gaussin’s Dakar Rally participation
Aramco announced that it would sponsor Gaussin’s participation in the 2022 Dakar Rally with a hydrogen-fueled racing truck. The truck was developed by Gaussin and was due to compete in Saudi Arabia.
2021
Saudi Aramco says contractor indirectly leaked company data
Saudi Aramco said that a third-party contractor had indirectly leaked company data. The supplied report does not identify the contractor or say whether it was hacked or how the information was otherwise leaked.
2021
Aramco appoints acting CFO after Khalid Al-Dabbagh steps down
Saudi Aramco said Khalid Al-Dabbagh had stepped down as chief financial officer and Ziad Al-Murshed had taken over the role in an acting capacity.
2021
Aramco completes sale of 49% stake in pipeline subsidiary
Saudi Aramco announced completion of a $12.4 billion transaction in which an international investor consortium acquired a 49-percent stake in Aramco Oil Pipelines Co. Aramco retained a 51 per cent majority stake and operational control of its pipeline network.
2021
Saudi Aramco raises $6 billion through sukuk sale
Saudi Aramco raised $6 billion through its first U.S.-dollar-denominated Islamic bond sale, placing three-, five- and ten-year tranches on Wednesday.
2020
Google and Saudi Aramco partner on cloud services in Saudi Arabia
Google and Saudi Aramco partnered on cloud computing services in Saudi Arabia. The companies said the collaboration gave Google permission to build a cloud region there, and Saudi Aramco would help Google Cloud find a local distributor.
2020
Aramco announces partnership with F1 in Schools
Aramco announced a long-term partnership with the global STEM education challenge F1 in Schools.
2020
Aramco and SABIC demonstrate blue ammonia shipment to Japan
Saudi Aramco and SABIC, working with the Institute of Energy Economics, Japan, demonstrated production and shipment of blue ammonia from Saudi Arabia to Japan; 40 tons had been dispatched for use in zero-carbon power generation.
2020
Saudi Aramco announces domestic fuel price increase
Saudi Aramco announced an increase in fuel prices in Saudi Arabia. The article reports that gasoline 95 was priced at SR1.60 per liter, compared with SR1.44 in July.
2020
Saudi Aramco cuts September Arab Light prices for Asian customers
Saudi Aramco cut the September official selling price of Arab Light crude for Asian customers by $0.30 per barrel, to a premium of $0.90 over the average of Oman and Dubai quotes, according to Reuters.
2020
Aramco completes acquisition of 70% of SABIC
Aramco completed its acquisition of a 70% stake in SABIC from the Public Investment Fund for SAR 259.125 billion.
2020
Aramco donates to COVID-19 relief in India
Aramco donated USD 500,000 to the Indian Red Cross Society to support COVID-19 relief efforts in India; the donation was intended to fund protective equipment and medical supplies.
2020
Aramco and Repsol announce synthetic-fuels development agreement
Repsol announced an agreement with Aramco to develop synthetic fuels, beginning with an industrial conversion project at the Petronor factory in the Basque Country. The source describes the project as planned, not completed.
2020
Aramco completes acquisition of majority stake in SABIC
Aramco finalized its purchase of a 70 percent stake in SABIC, buying over 2 billion shares for $69.1 billion. The shares were bought on Sunday at the originally agreed price.
2020
Saudi Aramco raises June Arab Light crude prices
Saudi Aramco raised its June Arab Light crude oil prices for customers in Asia, the United States and northwest Europe.
2020
Aramco lowers planned 2020 capital expenditure
Saudi Aramco said it was lowering its planned 2020 capital expenditure to between $25 billion and $30 billion, from the previously planned $35 billion to $40 billion. It also said spending plans for the following year and beyond were under review.
2020
Saudi Aramco responds to migrant worker dressed as sanitizer dispenser
Saudi Aramco apologized after a foreign employee was asked to dress as a hand sanitizer dispenser. The company said it immediately stopped the practice and took measures to prevent it from happening again, following criticism that the conduct was abusive and racist.
2020
Formula 1 and Aramco announce global partnership
Formula 1 announced a new long-term global sponsorship partnership with Aramco, including trackside branding, title rights at three 2020 Grands Prix, and collaboration on sustainable fuels, engine efficiency and mobility technology.
2020
Aramco signs Formula 1 sponsorship deal
Aramco signed a sponsorship deal with Formula 1, including trackside branding and title rights to the 2020 US, Spanish and Hungarian Grands Prix.
2019
Saudi Aramco completes purchase of 17% stake in Hyundai Oilbank
Saudi Aramco completed its $1.2 billion purchase of a 17 percent stake in South Korea’s Hyundai Oilbank from Hyundai Heavy Industries Holdings.