SASE:2222

Bloomberg: Saudi Aramco Reportedly Plans Up to $35 Billion of Asset Deals

Mubadala Energy-backed Catarus Raises $9.8 Billion Financing for US LNG Project

Mubadala Energy said Friday that Catarus raised $9.8 billion in project financing for a liquefied natural gas export facility in Louisiana, US, and will launch its construction.The Abu Dhabi-based company, which holds a 24.1% stake in the US exploration and production company, also provided equity in the project's financing, alongside its partners ​Kimmeridge and Canada Pension Plan Investment Board.Catarus also secured long-term offtake agreements with global energy and industrial companies, including EQT (EQT.ST), Glencore (GLEN.L, GLN.JO), Mercuria, Petronas, and Saudi Arabian Oil Co.'s (SASE:2222) Aramco Trading.The Commonwealth LNG plant will have a capacity of ​9.5 million tonnes per annum and is expected to start operations in 2030.

BNP Paribas Lifts Saudi Aramco's PT, Affirms Neutral Rating

BNP Paribas on Thursday raised the price target for oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to 28.00 Saudi riyals from 26.50 riyals and kept its rating at neutral.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Market Chatter: Saudi Aramco Mulls Property Deal to Raise $10 Billion

Saudi Arabian Oil Co. (SASE:2222), d/b/a Aramco, is considering a property transaction to raise at least $10 billion, Bloomberg News reported Wednesday, citing people familiar with the matter.The Saudi state-owned oil giant has held early-stage talks over a potential sale-and-leaseback deal for real estate assets, including its headquarters in Saudi Arabia's Eastern Province, according to the report.The company is working with an adviser on the transaction, as it seeks to monetize part of its real estate portfolio while retaining use of the properties.Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Kepler Cheuvreux Raises Saudi Aramco's PT, Affirms Hold Rating

Kepler Cheuvreux on Tuesday lifted the price target for oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to 29.50 Saudi riyals from 27.00 riyals and kept its rating at hold.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

HSBC Lifts Saudi Aramco's PT, Affirms Hold Rating

HSBC on Tuesday raised the price target for oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to 30.80 Saudi riyals from 29.20 riyals and reiterated its hold rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Goldman Sachs Boosts Saudi Aramco's PT, Retains at Buy

Goldman Sachs on Tuesday increased the price target for oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to 32 Saudi riyals from 29 riyals, while retaining its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Saudi Aramco FY26 Forecasts Revised as BofA Notes Better-than-Expected Q1 Results

BofA Global Research raised its forecasts for Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, as it incorporated the company's stronger-than-anticipated first-quarter results."We update our model post 1Q26 results to reflect better than expected upstream EBIT, which came 7% higher than BofAe as well as lower taxes. As a result, our FY26E net income has increased by c.3% vs our old estimates, while FY27E and 28E net income remain broadly unchanged," analysts wrote in a Tuesday note. "We believe Aramco is well positioned for production ramp post conflict resolution. To get from 10mb/d to 12mb/d, it contractually has 90 days, but it usually takes about 3 weeks. It can sustain 12mb/d production for up to 12 months without additional investments."The 2026 EPS estimate was upwardly revised to 2.13 Saudi riyals from 2.07 riyals, while the projection for 2028 was nudged higher to 2.14 riyals from 2.13 riyals.The buy rating on the stock and price objective of 34.50 riyals were both maintained.

Update: Market Chatter: Saudi Crude Oil Shipments to China Said to Fall in June

(Updates to add Aramco's statement)Saudi Arabian crude oil loading in June for export to China is expected to fall sharply month over month to between 13 million and 14 million barrels from 20 million barrels for May.Bloomberg News reported Monday, citing traders informed by the producer, that the average crude oil shipped to China, before the Iran war, stood at 40 million to 50 million barrels a month.Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Saudi Crude Oil Shipments to China Said to Fall Sharply in June

Saudi Arabian crude oil loading in June for export to China is expected to fall sharply month over month to between 13 million and 14 million barrels from 20 million barrels for May.Bloomberg News reported Monday, citing traders informed by the Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, that the average crude oil shipped to China, before the Iran war, stood at 40 million to 50 million barrels a month.Saudi Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Tadawul Shares Start Week Higher; Saudi Arabia's March Industrial Production Declines

The Tadawul All Share Index started the week 0.76% higher as investors assessed Saudi Arabia's latest economic data and earnings reports.Official preliminary data from Saudi Arabia's General Authority for Statistics showed that the industrial production index dropped 14.1% year over year in March. Month over month, industrial production fell 22.3%."The index of oil activities decreased by 20.0% in March 2026 compared to the same month of the previous year, while the index of non-oil activities remained stable at a level close to its performance in the same period of the previous year. The results also indicated that the index of oil activities decreased by 30.8% while the index of non-oil activities increased by 1.4% compared to February 2026," the statistics agency said in its report.Speaking of economic releases, the local calendar will see the release of the kingdom's inflation and wholesale prices data for April on Thursday.In other news, investors are focusing on the latest updates regarding the operations of the Strait of Hormuz and the Middle Eastern conflict. Reuters reported that the US is waiting for Iran's response regarding its proposal to end the war.Back at home, a slew of earnings dominated headlines as several companies published their first-quarter financial statements. The bourse's biggest company, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, ticked up 0.81% as it posted a 25.553% increase in net profit and a 6.766% climb in revenue.Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, also posted higher attributable profit and revenue in the March quarter. Acwa Power (SASE:2082), however, reported a decline in its profit for the three months ended March 31.Acwa Power closed 1.65% higher, while Luberef shares closed 0.17% lower.

Saudi Aramco Posts Higher Q1 Profit, Revenue

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, said Sunday that net profit and revenue for the first quarter of 2026 rose year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 120.13 billion Saudi riyals, compared with 95.68 billion riyals earlier. EPS moved to 0.5 riyal from 0.4 riyal.The Tadawul-listed oil giant's revenue was 433.1 billion riyals, compared with 405.65 billion riyals a year ago.Meanwhile, the board declared a base dividend of 0.3393 riyal per share for the period, payable June 9 to shareholders on record June 1. It paid 0.3278 riyal per share a year ago.

Market Chatter: Aramco Said Among Companies Resuming Oil Shipments Via Hormuz

Saudi Arabian Oil Co.'s (SASE:2222), d/b/a Saudi Aramco, is reportedly among the companies that were able to move oil cargoes through the Strait of Hormuz since its blockage began in March.Bloomberg News reported Friday, citing people familiar with the situation, that shipments involving Aramco Trading and Abu Dhabi National Oil Co, or Adnoc, are mostly taking place with transponders turned off to avoid vessel detection.Aramco did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Saudi Shares Close Wednesday Lower; US-Iran Reportedly Set to Sign Peace Deal

The Tadawul All Share Index closed Wednesday 0.52% in the red as investors tuned in to the latest updates regarding the peace deal between the US and Iran.A Pakistani source reportedly said that the US and Iran are set to finalize a one-page memorandum to conclude the Middle Eastern conflict. The 14-point deal reportedly included the unfreezing of Iranian funds, sanctions lifts, and others.In other news, Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, lowered North West Europe, Mediterranean, and Asian main crude oil prices in June. Price tags for the North American region, meanwhile, were unchanged. Aramco shares closed 2.81% lower."Oil prices are under renewed pressure as the ceasefire between the US and Iran appears to be holding despite recent escalation in the Persian Gulf," ING said in a note. "Saudi Arabia cut its official selling price for its flagship Arab Light to Asia for June. The OSP was cut from a record US$19.50/bbl premium over the benchmark in May to US$15.50/bbl. This is still the second-highest OSP on record. Crucially, this price assumes loadings from Ras Tanura, which sits in the Persian Gulf. This is clearly not happening. Instead, crude is being loaded at Yanbu on the Red Sea coast. As a result, final prices may be higher to reflect the logistical costs of shipping from the Red Sea."Back at home, earnings from insurance companies largely dominated headlines in Saudi Arabia. Gulf Insurance Group (SASE:8250), The Co. For Cooperative Insurance (SASE:8010), d/b/a Tawuniya, posted higher results for the March quarter. However, Malath Cooperative Insurance (SASE:8020) logged a decline in attributable profit and insurance revenue for the period.Gulf Insurance, Tawuniya, and Malath Cooperative all closed higher at 9.08%, 6.20%, and 1.35%, respectively.Meanwhile, Saudi Tadawul Group (SASE:1111) ticked up 2.25% after its board recommended to repurchase up to 1,220,000 shares for its employee stock incentive plan.

Solutions by stc to Deploy Supercomputer at Saudi Aramco's Upstream Operations

Arabian Internet and Communications Services (SASE:7202), d/b/a solutions by stc will deploy a supercomputer at the upstream operations of Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco.The supercomputer will enhance the oil giant's upstream computing capabilities in hydrocarbon discovery and recovery by enabling advanced seismic data processing and large-scale reservoir modeling and simulation, according to a Wednesday release.The Saudi Arabia-based information and communication technology services company is expected to deliver the $372.5 million project by early 2027.

Saudi Aramco Updates Main Crude Oil Prices in June

Saudi Arabian Oil Co. (SASE:2222), d/b/a Aramco, said Tuesday it will lower certain main crude oil prices in June, compared with May.According to a price list from the Saudi state-owned oil giant, North West Europe and Mediterranean price tags were cut by $2.Meanwhile, prices of its crude grades for buyers in Asia were reduced by $4, while those for North American buyers remained unchanged.

Saudi Aramco Keeps LPG Prices Steady in May

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, kept its official selling prices for liquefied petroleum gas unchanged for May, compared with April.The state oil giant maintained propane's contract price at $750 per metric tonne and butane at $800 per metric tonne, according to a Thursday statement.

RBC Tweaks Model for Saudi Aramco Ahead of Q1 Results; Sector Perform Rating Reiterated

RBC Capital Markets updated its model for Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, ahead of the Saudi state-run oil giant's first-quarter results in May."Our production estimates in the upstream move lower as we incorporate the latest market data. Our forecasts assume continued disruptions for April and May, with a return closer to normal level by 3Q. Seasonally lower costs qoq in the upstream will benefit earnings in 1Q26. Downstream earnings should feel the benefit of higher refining margins in the quarter," analysts said Tuesday, noting they are also accounting for the research firm's higher commodity price forecast.As such, RBC boosted its adjusted group net income for the first quarter of 2026 to $32 billion from $30.2 billion, and raised its EPS forecasts for full-year 2027 and 2028.The stock is still rated at sector perform, with an unchanged price target of 34 Saudi riyals.

Orlen Says Saudi Aramco Oil Deliveries On Track Amid Middle East Conflict

Orlen (PKN.WA) said oil deliveries from Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, remain on schedule and in line with contracted volumes despite the ongoing Middle East conflict, Reuters reported Tuesday.The Polish state-owned energy group, which is receiving supplies from Aramco through the Red Sea port ​of Yanbu, told the news outlet that it also does not expect any changes in May.In addition, Orlen said it is prepared to meet existing contracts ​and secure supplies ahead of the seasonal peak demand period from May to September.

Morgan Stanley Raises Saudi Aramco PT, Keeps at Equalweight

Morgan Stanley on Monday increased the price target for oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to 28.40 Saudi riyals from 25.20 riyals, while retaining its equal weight rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)