-
Fintech Focus For October 8, 2020
Wednesday, October 7, 2020 - 5:07pm | 2475Read More...Quote Of The Day: It is during our darkest moments that we must focus to see the light. - Aristotle Fintech Movers: [Bank of America] said it applied for 415 patents this year for innovations regarding money transfer, bill payments, ATM transaction pre-staging, check verification using augmented...
-
'A Subdued Market': Stock Market Update For The Week Ahead
Sunday, August 16, 2020 - 5:34pm | 2456Read More...The Last Week In A Nutshell What Happened: “This is a subdued market. We have recovered from the shock, but there have been a lot of sectors not really participating that much on the upside,” said ARK Invest CEO and CIO Catherine Wood. Remember This: “2020 is a year that is...
-
Saudi Aramco Reports 25% Drop In Q1 Net Income, Yet Declares $18.8B In Dividend
Tuesday, May 12, 2020 - 5:41am | 351Read More...The Saudi Arabian Oil Company, better known as Saudi Aramco, on Tuesday, reported earnings for its first quarter this year. Earnings Drop YoY Aramco said it made $16.7 billion in net income in Q1, down nearly 25% from the $22.2 billion posted in the similar quarter last year. The state-owned...
-
Oil Drops More Than 26%, Aramco Drops To The Lowest Price As Saudi Arabia, Russia Engage In Price War
Sunday, March 8, 2020 - 11:15pm | 309Read More...Crude oil futures on Sunday dropped by the most percentage points since the gulf war of 1991, as Saudi Arabia and Russia engaged in a price war. What Happened Saudi Arabia announced that it is cutting the price for April crude oil to all destinations by $6 to $8, as reported by Reuters, causing the...
-
Saudi Aramco Invests In Blockchain Oil Trade Platform, Plans To Use Its Services
Tuesday, January 28, 2020 - 11:31pm | 335Read More...The Saudi Arabian Oil Company, better known as Saudi Aramco, has invested $5 million in a blockchain startup VAKT that provides post-trade processing service. What Happened The oil giant invested in VAKT through its investment arm Saudi Aramco Energy Ventures (SAEV), the startup said in a statement...
-
Saudi Aramco Adds Another $3.8B To Its Record IPO As Underwriters Exercise Overallotment Option
Monday, January 13, 2020 - 1:02am | 356Read More...The Saudi Arabian Oil Company raised another $3.8 billion in its initial public offering as the underwriters exercised the overallotment option given the high demand, it said in a statement on Sunday. What Happened Underwriters led by Goldman Sachs Group Inc.'s (NYSE: GS) Saudi Arabian...
-
Saudi Aramco Stock Fast-Tracked By FTSE, Will Soon Appear In Some Big-Name ETFs
Thursday, December 12, 2019 - 8:00am | 558Read More...Saudi Arabian oil giant Saudi Aramco made its debut as a public company Wednesday on that country's Tadawul exchange in what was the world's largest initial public offering, one that also created the world's largest company by market value. With a market capitalization of around $1.88...
-
Option Trader Bets $1.3M On Exxon Mobil Upside Through 2022
Friday, December 6, 2019 - 2:30pm | 573Read More...Exxon Mobil Corporation (NYSE: XOM) shares are down 12.2% over the past year, but at least one larger option trader is betting the next two years will be much better for the largest U.S. oil major. The Trades On Friday morning, Benzinga Pro subscribers received two option alerts related to...
-
Opinion | There Was Blood: Investors Should Reject Saudi-Aramco's Blood-Money Public Offering
Wednesday, December 4, 2019 - 6:00am | 354Read More...This column does not necessarily reflect the opinion of the Benzinga editorial board. On Oct. 2, 2018, Jamal Khashoggi, a Washington Post columnist and Saudi dissident, was murdered and dismembered with a bonesaw at the Turkish Embassy in Istanbul by a Saudi assassination team known as “Tiger...
-
Saudi Arabia Wants More Oil Cuts Ahead Of IPO
Monday, December 2, 2019 - 10:07am | 383Read More...Saudi Arabia wants fellow OPEC members to extend an agreement to lower oil production when the group meets on Dec. 5 and 6. What Saudi Arabia Wants OPEC and other oil rich countries agreed to lower their combined oil output by 1.2 million barrels a day through the end of March 2020. But the Saudi...
-
Barron's Picks And Pans: Honeywell, Oshkosh, Uber, Walgreens And More
Saturday, November 9, 2019 - 3:43pm | 773Read More...This weekend's Barron's cover story focuses on an industrial company that is going digital. Other featured articles discuss blue chips that ought to pay a dividend and bank stocks for value investors. Also, the prospects for a rebounding truck maker, a high-profile IPO, a ride-sharing...
-
Could Political Risk Lower Value Of Aramco Ahead Of IPO?
Wednesday, November 6, 2019 - 10:35pm | 530Read More...Suggestions about how much Saudi Aramco is actually worth as the oil giant heads for its IPO vary by nearly $1 trillion, and uncertainty surrounding the region's political volatility and the company's control by the Saudi government is raising more questions than any concerns about the...
-
A Few Concerns Saudi Aramco Should Address Ahead Of IPO
Tuesday, November 5, 2019 - 4:58pm | 425Read More...Saudi Aramaco's initial public offering took a major step forward on Sunday and would likely need to address four sources of concern. Saudi Arabia values its state-owned oil company at $2 trillion but even a less generous $1.5 trillion would make it the world's largest IPO, CNBC reported....
-
Saudi Aramco, The World's Most Profitable Oil Company, To Launch IPO
Monday, November 4, 2019 - 6:23am | 434Read More...Saudi Arabian Oil Company, better known as Saudi Aramco, announced its initial public offering on Sunday. What Happened The world’s most profitable company — owned by the Saudi government — will list on Riyadh’s Stock Exchange, Tawadul. The IPO plans have been approved by...
-
Why A Foreign Company Would Want To Cross-Trade In The US
Tuesday, September 17, 2019 - 10:58am | 923Read More...This article is from Benzinga’s Partner Content team For many foreign companies that are publicly traded (or one day would like to be), cross-trading in the U.S. is a critical component of accessing U.S. investors. And it should come as no surprise as to why. The U.S. is by far the largest...
