State-controlled energy company
Appears in 7 stories · Last updated Nov 8, 2026
An administrative building in Riyadh's King Abdullah Financial District was damaged by falling debris on Nov. 8; the Energy Ministry reported minor damage and no casualties. The Jazan refinery has been offline since late July after repeated attacks.
Saudi air defenses intercepted missiles aimed at Riyadh and the Eastern Province on Nov. 8. Falling debris damaged an Aramco administrative building in the capital's King Abdullah Financial District, with minor damage and no casualties, the Energy Ministry said.
Updated 3 days ago
49% shareholder in HUMAIN; contributor of cash, compute and digital assets
Saudi Aramco now owns 49% of HUMAIN, the artificial-intelligence company the Public Investment Fund launched in May 2025. Aramco paid about 9.9 billion riyals ($2.6 billion) in cash during 2026 and handed over AI, computing and digital assets; the fund keeps 51% and control.
Client awarding offshore EPC work to NMDC Energy and Saipem
NMDC Energy, an Abu Dhabi contractor, won three offshore construction contracts from Saudi Aramco worth a combined $763.3 million. It disclosed the awards to the Abu Dhabi Securities Exchange on October 23, with completion expected in 18 to 23 months.
Updated Oct 28
As of October 2026: Saudi Arabia's national oil producer
American oil production hit 10 million barrels a day in November 2017, a level not seen since 1970. By early 2018, the United States had overtaken Saudi Arabia and Russia to become the world's largest crude oil producer.
Updated Oct 5
As of September 2026: Jazan refinery and southern facilities attacked by Houthi strikes
Brent crude crossed $100 on September 9 for the first time since July, after Iran attacked 10 ships near the Strait of Hormuz and the US destroyed five Iranian tankers. Prices retreated below $100 by September 21 as Trump signaled openness to talks and satellite data showed Saudi oil flows through the strait recovering to 2.9 million barrels a day, up from 700,000 in August.
Updated Sep 21
As of September 2026: Operates the pipeline; shut it as a precaution
Iraqi security forces say they seized a drone-launching platform inside Iraq used in the attack that shut Saudi Arabia's East-West oil pipeline. The line carries about 4-5% of global oil supply and is Saudi Arabia's main alternative to the Strait of Hormuz, which has been closed since March.
Updated Sep 13
As of May 2026: Feedstock supplier and downstream partner at Jubail
On Christmas Day 2004, Crown Prince Abdullah bin Abdulaziz pressed a foundation stone into sand on Saudi Arabia's eastern coast. The stone marked the start of Jubail II—a roughly $80 billion expansion adding 6,200 hectares of plants, pipelines, and housing, effectively doubling what was already among the largest civil-engineering projects ever attempted.
Updated May 31
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
