Aramco
Chemicals companywww.aramco.com
1.3k
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878
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519
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Search complete. 1294 mentions across 878 episodes found for "Aramco".
Nov 7, 2026
Hormazd SorabjeeHOST
And they don't want to have... more control of their powertrain.
Hormazd SorabjeeHOST
And right now, I think eventually, I know Hoss, which is a Renault joint venture with Geely and Aramco.
Hormazd SorabjeeHOST
When that sets up, they'll probably give all their powertrains to them.
Hormazd SorabjeeHOST
Right now, everything is Renault developed.
Aswath DamodaranHOST
If you have some kind of cost advantage over your competition, there are two ways you can exploit, right? One is you can charge the same price as everybody else and make a higher margin, or you can charge a lower price and take over the market.
Aswath DamodaranHOST
Take Aramco.
Aswath DamodaranHOST
What's Aramco's biggest competitive advantage? It's no break.
Aswath DamodaranHOST
They have oil under the ground that they can get out for $6 a barrel.
Aswath DamodaranHOST
So $20 a barrel, they're the only oil company in the world that can still make money.
Aswath DamodaranHOST
If they wanted to, they could push the price down to 20, produce 100% of the oil.
Aswath DamodaranHOST
The problem is there's only 330 million barrels of oil under the ground, and it's in their best interest not to go for 100% market share.
Aswath DamodaranHOST
I think Aramco is far happier with oil prices at $100 a barrel, because then you make $94 in margins, and you become a much more profitable company.
Sean EversGUEST
The question is, will they accelerate it? Will they double down on it? And the answer to that, of course, is yes as well.
Sean EversGUEST
The large national energy companies in this region, if you were sort of observing their journey over the last 10 plus years, they have been moving quite aggressively, and particularly some more than others, Aramco, Adnok, Qatar Energy, into becoming global companies.
Sean EversGUEST
international oil companies, or IOCs as the acronym goes, they see themselves now as much bigger equivalents of ExxonMobil.
Sean EversGUEST
They do not see themselves as the traditional national energy company.
Calum MainCORRESPONDENT
And a number of high-profile officials didn't go.
Calum MainCORRESPONDENT
And you've got to say with good reason, in hindsight, because while, you know, we've not seen any problems here at ADIPEC, During that conference in Saudi, there were Yemen rebel strikes on various parts of Saudi infrastructure, on the airports, on the Aramco offices were reportedly hit, including apparently the office of the head of Aramco.
Calum MainCORRESPONDENT
So there was a real case of that's really close to home.
Calum MainCORRESPONDENT
Obviously, we hear a lot about energy security and resilience and finding alternative routes out of the region.
Simon DixonGUEST
And then those higher oil prices made significant shifts.
Simon DixonGUEST
And so there was a negotiation where Saudi Arabia ended up slowly purchasing more of the American Saudi Aramco.
Simon DixonGUEST
And then they created the petrodollar and the petrodollar was a mechanism for replacing the gold standard.
Simon DixonGUEST
with pricing oil in dollars and then using those dollars in order to purchase US debt.
Joel RichardsonHOST
But right now, this sort of cold war, if you will, this competition, this tug of war between China and the United States for alpha dog of the world, one of the key strategic points in that conflict, in that tug of war, is which side does Saudi Arabia turn toward.
Joel RichardsonHOST
And Trump wants to do everything he can to guarantee that that alliance of the United States and Saudi Arabia, Aramco, you know, America and Aram, anyway, the Saudi American alliance, that that's maintained and that the petrodollar is preserved.
Joel RichardsonHOST
And so the way he's been doing that behind the scenes, and this is all part of the negotiations with Saudi Arabia, is he's already essentially promised them that a bunch of American contracting companies would build nuclear power plants for Saudi Arabia.
Joel RichardsonHOST
with the stipulation that they will not have a pathway toward enrichment to get actual nuclear weapons.
Peter HinssenHOST
I mean, look at SpaceX.
Peter HinssenHOST
I mean, they raised $75 billion, which is three times more than Saudi Aramco, which was the largest IPO in 2019.
Peter HinssenHOST
And it went actually quite easily.
Peter HinssenHOST
I mean, people are so still excited about the potential.
Teresa GrobeckerHOST
Own the assets and integrate the operating ecosystem.
Teresa GrobeckerHOST
On November 1, Saudi Arabia's public investment fund and Aramco announced the closing of their Humane transaction.
Teresa GrobeckerHOST
Aramco acquired a 49% interest, while the public investment fund retained 51%.
Teresa GrobeckerHOST
The arrangement includes approximately $2.6 billion of Aramco cash contributions during 2026, as well as AI, compute, and digital assets.
Teresa GrobeckerHOST
Humane is targeting 3 gigawatts of AI data center capacity by 2030, and that figure is a development ambition, not installed capacity available today.
Teresa GrobeckerHOST
The transaction matters because the sovereign fund retains controlling ownership while connecting the AI platform with a national energy company and its industrial relationships.
Hugo GoodridgeHOST
Yeah.
Hugo GoodridgeHOST
But Aramco, Saudi Arabia's oil company, seems like they've sort of come up with a workaround.
Hugo GoodridgeHOST
What is it?
Agnese BuffanoGUEST
Yes, so they're working to expand a crude pipeline, the east to west pipeline.
Agnese BuffanoGUEST
This is according to the Saudi state oil giant's CEO, Amir Nasser, who announced it yesterday on Tuesday.
Agnese BuffanoGUEST
So basically now Aramco has three routes, the Strait of Hormuz, Bab al-Mandab and the Suez Canal.
Agnese BuffanoGUEST
But yeah, we've got the ongoing blockade of Hormuz.
Agnese BuffanoGUEST
Now with Yemen, we've got a threat to the Bab al-Mandab Strait.
Tala Michel IssaHOST
This week, the U.S. midterms have dealt Donald Trump a major political setback, while the Iran war and the security of the Strait of Hormuz remain front of mind across the region.
Tom EvansHOST
We'll look at what energy leaders said at ADEPEC, what Aramco's latest results tell us about the pressure on oil production, and how hackers spent months targeting Binance.
Tala Michel IssaHOST
And we'll also talk about a new Dubai platform hoping to make it easier for real estate agents to find the right brokerage.
Tom EvansHOST
Let's get into it.
16 MINS LATER
Tala Michel IssaHOST
So the biggest increase came from its downstream business, which includes refining and chemicals.
Tala Michel IssaHOST
Adjusted earnings before interest and tax from that business rose 234% year on year, which is driven by stronger refining margins.
Tom EvansHOST
So in plain English, that means that Aramco made much more from processing crude into fuels and other products.
Tala Michel IssaHOST
Exactly.
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