Saudi Aramco

2024 - 5 - 7

Saudi Aramco: Oil Giant Making Waves in Malaysia and Beyond

Aramco Malaysia - Oil and Gas Sector - Petrochemical Industry - Saudi Aramco - Shell - Aramco

Discover how Saudi Aramco is diversifying its portfolio with investments in Malaysia and maintaining dividends despite profit declines.

Saudi Aramco, the renowned state-owned oil giant, navigated challenging waters in the first quarter of the year, with a 14.4% dip in net profit attributed to lower oil prices and sales volumes. Despite this setback, the company remains a key player in the global energy market. In an intriguing turn of events, Shell is in talks to sell its Malaysian gas station business to Saudi Aramco, signaling a potential strategic shift in the region's energy sector.

Looking to expand its foothold in Malaysia further, Saudi Aramco is exploring additional downstream ventures involving petrochemical and gas activities. This move highlights the company's commitment to diversification and growth beyond traditional oil production. On the international front, Saudi Aramco selected a Chinese contractor for a monumental $12 billion gas project, underscoring its strategic partnerships and investments in key global markets.

In an industry where profits are paramount, Saudi Aramco's decision to uphold its dividends despite a drop in first-quarter profits showcases its stability and long-term vision. The company's resilience in maintaining a $31 billion dividend payout reflects its dedication to shareholders and financial sustainability. Additionally, despite profit declines, Saudi Aramco plans to increase dividends further this year, demonstrating confidence in its future prospects.

In a surprising turn of events, Saudi Aramco's Q1 net profit fell by 14.5%, amounting to $27.27 billion, reinforcing the company's adaptability in ever-evolving market conditions. Furthermore, the potential acquisition of Shell's gas stations in Malaysia underscores Saudi Aramco's strategic growth initiatives in the Southeast Asian region, positioning it as a key player in the global energy landscape.

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Image courtesy of "The Star Online"

Saudi Aramco maintains dividend despite lower net income in Q1 (The Star Online)

DUBAI: Saudi Arabia's state-owned oil giant Aramco reported a 14.4% fall in first-quarter net profit on the back of lower oil prices and volumes sold.

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Image courtesy of "The Star Online"

Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources ... (The Star Online)

SINGAPORE: Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such ...

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Image courtesy of "Free Malaysia Today"

Anwar to meet Petronas for talks on Saudi Aramco project in ... (Free Malaysia Today)

Saudi Aramco is looking at expanding its downstream pursuits in Malaysia by adding petrochemical and gas downstream activities.

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Image courtesy of "The Malaysian Reserve"

Shell in talks to sell Malaysia fuel stations to Saudi Aramco for RM5b ... (The Malaysian Reserve)

Multinational oil and gas company Shell may sell its 950 oil stations in Malaysia to Saudi Aramco in a deal that may be worth up to RM5 billion, ...

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Image courtesy of "Al-Monitor"

Saudi Aramco says Q1 profit down 14.5 percent (Al-Monitor)

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in ...

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Image courtesy of "Upstream Online"

Saudi Aramco selects Chinese contractor for $12 billion gas project (Upstream Online)

CPECC's scope includes EPC work for the expansion of three booster stations along with the development of necessary support facilities.

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Image courtesy of "CNBC"

Saudi Aramco upholds dividend despite drop in first-quarter profits (CNBC)

Aramco, which is the world's largest oil exporter, expects total dividends of $124.3 billion to be declared in 2024, it said.

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Image courtesy of "Malay Mail"

Saudi Aramco's Q1 profit down 14.5pc (Malay Mail)

RIYADH, May 7 — Oil giant Saudi Aramco announced first-quarter net profit of US$27.27 billion (RM129 billion) today, down 14.5 per cent from last year as ...

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Image courtesy of "OilPrice.com"

Saudi Aramco in Talks to Buy Shell Gas Stations in Malaysia (OilPrice.com)

Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell's billion-dollar gas station business ...

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Image courtesy of "CNA"

Saudi Aramco maintains $31 billion dividend despite lower Q1 net ... (CNA)

DUBAI :Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting ...

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Image courtesy of "Financial Times"

Saudi Aramco to increase dividends despite drop in profits (Financial Times)

Saudi Aramco plans to boost its dividend payments further this year despite reporting a 14 per cent fall in quarterly profits, which missed analysts' ...

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Image courtesy of "Reuters India"

Saudi Aramco maintains $31 billion dividend despite lower Q1 net ... (Reuters India)

Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower ...

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Image courtesy of "Daily Sabah"

Saudi Aramco sticks to $31B dividend despite 14.5% Q1 profit fall (Daily Sabah)

Saudi Aramco on Tuesday said its net profit fell 14.5% on an annual basis to nearly $27.3 billion in the first quarter, as the Gulf kingdom kept oil...

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Image courtesy of "Al-Monitor"

Saudi Aramco's Q1 profit down 14.5 percent: statement (Al-Monitor)

Oil giant Saudi Aramco announced first-quarter net profit of $27.27 billion on Tuesday, down 14.5 percent from last year as the Gulf kingdom kept production ...

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Image courtesy of "Yahoo Finance"

Saudi Aramco maintains $31 billion dividend despite lower Q1 net ... (Yahoo Finance)

Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower ...

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Image courtesy of "Yahoo Lifestyle"

Saudi Aramco says Q1 profit down 14.5 percent (Yahoo Lifestyle)

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in ...

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Image courtesy of "The Wall Street Journal"

Saudi Aramco Net Income Falls on Declining Crude Oil Volumes (The Wall Street Journal)

Saudi Arabia's national oil company first-quarter profit fell and missed analysts' forecasts due to a lower volume of crude oil sold and weaker refining and ...

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Image courtesy of "The Star Online"

Anwar to meet Petronas to discuss Pengerang project with Saudi ... (The Star Online)

PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim will meet with Petroliam Nasional Bhd (Petronas) this week to discuss the national oil company's project ...

Saudi Aramco Q1 net income falls amid weaker refining, chemicals ... (ICIS)

SINGAPORE (ICIS)–Saudi Aramco's net income fell by 14.4% year on year to Saudi riyal (SR) 102.3 billion in the first quarter amid lower crude oil volumes ...

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Image courtesy of "Reuters"

Exclusive: Shell in talks to sell Malaysia fuel stations to Saudi ... (Reuters)

Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in ...

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Image courtesy of "FRANCE 24"

Saudi Aramco says Q1 profit down 14.5 percent (FRANCE 24)

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in ...

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Image courtesy of "Barron's"

Saudi Aramco Says Q1 Profit Down 14.5 Percent (Barron's)

Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in ...

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