The company confirmed to AP on Wednesday it “recently became aware of the indirect release of a limited amount of company data which was held by third-party contractors.” The contractor was not identified, and it was unclear whether the data was obtained through hacking or leaking or some other way. …
Read More »Saudi Aramco profits nearly cut in half as pandemic woes cripple oil markets
The sharp slump in the company’s full-year net income totaled 44% compared to the previous year, when profits amounted to $88.19 billion. In 2018, the oil firm reported profits of $111.1 billion.The result was slightly below the projections of $48.1 billion, but is still the highest among the world’s public …
Read More »Saudi Aramco confirms Houthi attack on ‘critical’ oil facility, reports no casualties
The official said that the strike occurred at a “critical facility” which distributes more than 120,000 barrels of petroleum products per day. The plant is one of three that supplies oil products to Jeddah, Mecca and the Al Baha region. He said that a fire caused by the missile attack …
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