financetom
Business
financetom
/
Business
/
Saudi Aramco signs preliminary agreements worth up to $90 billion with US companies
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Saudi Aramco signs preliminary agreements worth up to $90 billion with US companies
May 26, 2025 7:52 AM

DUBAI (Reuters) -Saudi Aramco has signed 34 preliminary agreements with major U.S. companies, potentially worth as much as $90 billion, the oil giant said on Wednesday.

The deals highlight deepening U.S.-Saudi commercial ties as the kingdom pushes ahead to diversify its economy and attract foreign investment. The agreements span liquid natural gas, fuels, chemicals, emission-reduction technologies and artificial intelligence, it added.

"The U.S. is really a good place to put our investment," Aramco CEO Amin Nasser said on Tuesday at the U.S.-Saudi Investment Forum in Riyadh. He was announcing deals with U.S. liquefied natural gas producer NextDecade ( NEXT ) and utility company Sempra ( SRE ).

The event coincided with U.S. President Donald Trump's four-day tour of the Gulf, marked by lavish receptions and a series of business deals, including Saudi Arabia's $600 billion pledge to invest in the United States and $142 billion in arms agreements.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hess Midstream Unit Prices $800 Million Private Debt Offering
Hess Midstream Unit Prices $800 Million Private Debt Offering
Feb 3, 2025
04:45 PM EST, 02/03/2025 (MT Newswires) -- Hess Midstream ( HESM ) unit Hess Midstream Operations said Monday it priced $800 million of 5.875% senior unsecured notes due 2028 at par in a private offering. The company said it will use proceeds from the offering, along with a revolving credit facility, to redeem its 5.625% senior notes due 2026. The...
Molina Healthcare Closes ConnectiCare Acquisition
Molina Healthcare Closes ConnectiCare Acquisition
Feb 3, 2025
04:49 PM EST, 02/03/2025 (MT Newswires) -- Molina Healthcare ( MOH ) said late Monday it closed the acquisition of ConnectiCare Holding Company, effective Feb. 1. The company said ConnectiCare served about 140,000 members across Marketplace, Medicare, and certain commercial products at the time the deal was closed. ...
Trudeau says Trump will pause Canada tariffs for at least 30 days
Trudeau says Trump will pause Canada tariffs for at least 30 days
Feb 3, 2025
OTTAWA (Reuters) -U.S. President Donald Trump will postpone threatened tariffs on Canadian imports for at least 30 days, Prime Minister Justin Trudeau said in a post on X on Monday. Trudeau, speaking after his second conversation of the day with Trump, also said Canada had committed to creating the post of a special czar to combat the smuggling of fentanyl...
Palantir Technologies Beats Fourth-Quarter Estimates, Shares Climb After Hours
Palantir Technologies Beats Fourth-Quarter Estimates, Shares Climb After Hours
Feb 3, 2025
04:41 PM EST, 02/03/2025 (MT Newswires) -- Palantir Technologies ( PLTR ) late Monday reported fourth-quarter results that topped analysts' estimates amid rising demand for artificial intelligence capabilities. Adjusted per-share earnings rose to $0.14 from $0.08 a year earlier, topping the consensus on FactSet of $0.11. Revenue climbed 36% to $827.5 million, exceeding Wall Street's $775.8 million estimate. The software...
Copyright 2023-2026 - www.financetom.com All Rights Reserved