Saudi Aramco says combustion engines will be around for ‘very, very long time’ after Horse Powertrain investment
State-owned companies still see a future for gas to fill any gaps left by renewable sources
Purchase of Singapore-based Pavilion Energy is its latest bet on the fossil fuel
Oil company to buy fuel in high demand amid energy transition and Ukraine war
Oil company targets international investors as government raises funds
High oil prices make sense for the Saudi state, but not for the company’s attractiveness to the broader oil sector
Offering in world’s largest oil exporter to be set in range of SR26.7-SR29 as kingdom seeks fresh capital
Group plans to boost critical source of revenue to kingdom in spite of earnings miss
Amin Nasser praises Beijing’s efforts to make solar panels and electric vehicles cheaper
The EU will not meet its ambitious green goals without vast investment in its grids
State-owned group reports second-highest annual profit, even as production cuts weigh down on performance
Kingdom’s investment group aims to finance projects to modernise its economy
World’s biggest exporter says it will no longer seek to increase output to 13mn barrels a day
Cash injection of $4bn will be deployed to protect kingdom’s economy when oil demand eventually starts to decline
Beyond the headline statement, three new pledges might cut demand for fossil fuels and eliminate potent emissions
Group surprises with quarterly net profit of $32.6bn despite production volumes falling
Financiers of world’s biggest corporate emitter of greenhouse gases told they could be violating international law
Group reaffirms huge capital spending programme despite fall in Q2 profits
Saudi control is an issue for many external investors, some of whom see the company as an arm of government
Group reports first-quarter net income of $32bn as oil prices decline
Kingdom adds firepower to the Public Investment Fund tasked with overhauling economy
Huge supply contracts come as Russia eats into Saudi Arabia’s share of world’s largest oil import market
World’s biggest oil major will increase production capacity to 13mn barrels a day
While some western energy companies prepare for a future less reliant on fossil fuels, the world’s biggest supplier is doubling down
Deals announced by Saudi Arabia as Crown Prince Mohammed bin Salman visits Seoul
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