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Trends & Analysis
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US banks report better-than-expected earnings

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Is Salesforce sending bullish signals?

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Are the oil bulls back?

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S&P500 up, Nasdaq down ahead of inflation data

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Key factors influencing GBP/USD in the current year

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Has NASDAQ 100 bottomed?

Trends & Analysis
News

US banks report better-than-expected earnings

News

Is Salesforce sending bullish signals?

News

Are the oil bulls back?

News

S&P500 up, Nasdaq down ahead of inflation data

News

Key factors influencing GBP/USD in the current year

News

Has NASDAQ 100 bottomed?

Saudi Aramco (ARAMCO) – Introduction and background

Saudi Aramco, officially known as the Saudi Arabian Oil Group or simply Aramco, is a public petroleum and natural gas company based in Dhahran, the Kingdom of Saudi Arabia. It is the second largest company in the world by revenue, and it has repeatedly achieved the largest annual profits in global corporate history.

Founded in 1933, Saudi Aramco operates as an integrated energy and chemical company, through two main segments: Upstream and Downstream. The Upstream segment explores, develops, and produces crude oil, condensate, natural gas, and natural gas liquids (NGLs), while the Downstream segment produces various chemicals, including olefins, methanol, and more. Saudi Aramco also distributes hydrocarbons, petroleum products, and trades crude oil, refined petroleum, and liquid chemical products. Additionally, the company provides other services, including but not limited to consulting, sales support, and transportation services.

Saudi Aramco’s IPO took place on the Saudi Arabian Stock Exchange (Tadāwul) in December 2019, pricing its offering at 32 Saudi riyals (approximately 8.53USD at the time) per share. The company raised 25.6 billion USD, making it the world’s largest IPO. Ever since, the company has enjoyed stellar performance in revenue, with record profits eclipsing numbers posted by ExxonMobil and Shell in 2023.

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