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World

Saudi energy company Aramco sees profits rise by 90%

Saudi energy company Aramco has revealed that profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly 88 billion dollars (£76bn). The increase is a boost for the kingdom and the crown ...

14 Aug 2022 at 14:39

Football

Protester given six-week sentence for tying himself to post at Everton game

A climate change activist who tied himself to the goalpost during last season’s Premier League match between Everton and Newcastle has been given a six-week prison sentence. Louis McKechnie, 21, denied aggravated trespass and going onto the playing ...

30 Sept 2022 at 18:22

Sport

I just want to go home, says Lewis Hamilton after Saudi Arabian Grand Prix

Lewis Hamilton said he was looking forward to getting out of Saudi Arabia following Sunday’s controversial race. The second round of the new Formula One season had been in doubt 48 hours earlier following a nearby missile strike on an oil refinery ...

27 Mar 2022 at 22:25

Sport

Saudi Arabian Grand Prix set to go ahead despite attack near Jeddah circuit

Formula One bosses have said Sunday’s Saudi Arabian Grand Prix will go ahead despite an attack on a nearby fuel depot during practice. Black smoke billowed across the Jeddah circuit as seven-time world champion Lewis Hamilton and his fellow ...

25 Mar 2022 at 19:55

World

Saudi Arabia transfers 4% of Aramco shares worth around £59bn to investment fund

Saudi Arabia will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, in an infusion valued at nearly 80 billion dollars (£59 billion) as the kingdom tries to overhaul its energy-dependent economy. The ...

13 Feb 2022 at 07:55

Protester given six-week prison sentence for tying himself to goalpost

A climate change activist who tied himself to the goalpost at a Premier League match has been given a six-week prison sentence. Louis McKechnie, 21, denied aggravated trespass and going onto the playing area at the game at Everton’s ...

30 Sept 2022 at 17:41

World

Saudi oil giant Aramco sees profits rocket 80%

Oil giant Saudi Aramco has said its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring prices following Russia’s invasion ...

15 May 2022 at 10:25

World

Oil giant Saudi Aramco reports £25bn profit in first quarter

Oil giant Saudi Aramco has reported a first-quarter profit of 31.88 billion US dollars (£25.2 billion), down from 39.47 billion dollars (£31.2 billion) the same quarter last year. The business, formally known as the Saudi Arabian ...

09 May 2023 at 08:10

World

Oil giant Saudi Aramco notches up nearly £134bn profit in 2022

Oil giant Saudi Aramco has reported that it made a 161 billion US dollar (£133.8 billion) profit last year. The firm, known formally as the Saudi Arabian Oil Co, said in its annual report that higher crude oil prices propelled ...

12 Mar 2023 at 07:19

World

Aramco reports 30bn dollar second quarter profits – down 40% from last year

Saudi Arabia’s state-run oil giant Aramco made 30 billion dollars (£23.5 billion) in profit in the second quarter – a near 40% decline from the same period the previous year, which it attributed to lower crude oil prices. ...

07 Aug 2023 at 09:05

World

Aramco says it will not increase oil production beyond 12m barrels per day

Saudi Arabia’s oil giant Saudi Aramco said on Tuesday that it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country’s energy ministry. The firm, ...

30 Jan 2024 at 09:10

World

Oil producers announce surprise cuts in move which could force up prices

Saudi Arabia and other major oil producers announced surprise cuts on Sunday totalling 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide. Higher oil prices would ...

02 Apr 2023 at 19:03

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