Tag: Saudi Aramco

Saudi Arabia Rakes In $1Billion From Oil Exports Every Day

ADEOLA YUSUF

Crude production by the Kingdom rose to 10.3 million barrels a day in March, with Brent oil prices averaging $112 a barrel   Saudi Arabia’s oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production. The value of crude exports, now almost $1 billion a day, increased by 123% year on year, the kingdom’s statistics office said. READ ALSO: EXCLUSIVE: Buhari Declines Ministerial Consent For ExxonMobil $1.6bn Assets’ Sale To Seplat Oil Theft: Fact And Figures…

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World’s Top Five Oil Firms generated $1trn, Saw Revenues Fall 31% In 2020

Damilola Olonade

  Despite generating more than $1 trillion in total revenues, it was still a 2020 bearish business for ExxonMobil, Saudi Aramco, BP others   The five largest oil and gas companies in the world saw their combined revenues drop by 30 percent last year, although they still generated more than $1 trillion in total revenues, according to data compiled by Finbold. The combined revenues of state firms PetroChina and Sinopec of China, Saudi Aramco of Saudi Arabia, as well as international oil majors BP and ExxonMobil, stood at $1.14 trillion last…

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