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Saudi Arabia Fuel Station Market - Growth, Trends, COVID-19

Saudi Arabia Fuel Station Market - Growth, Trends, COVID-19
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Ping An Rises to 6th Place in Forbes' Global 2000 Maintains Top Spot Among Insurers

Ping An Rises to 6th Place in Forbes Global 2000 Maintains Top Spot Among Insurers
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HONG KONG and SHANGHAI, May 14, 2021 /PRNewswire/ Ping An Insurance (Group) Company of China, Ltd. (hereafter Ping An or the Group , HKEx:2318; SSE:601318) has risen to 6
th place in the Forbes Global 2000 ranking this year, up one place from 2020. With steady growth of operating income, profit, asset scale and market value, Ping An again ranked first among global diversified insurance companies. It is 5
th among global financial institutions and 3
rd among China companies.
The annual Global 2000 ranking from the Forbes is regarded as one of the most authoritative rankings of the world s biggest and most valuable companies. Rankings are based on an analysis of four metrics: sales, profits, assets and market value. Ping An reported revenues of USD169.1 billion, profit of USD20.8 billion, assets of USD1,453 ....

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Ping An Insurance of China : Rises to 6th Place in Forbes' Global 2000 Maintains Top Spot Among Insurers

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HONG KONG and SHANGHAI, May 14, 2021 /PRNewswire/ Ping An Insurance (Group) Company of China, Ltd. (hereafter Ping An or the Group , HKEx:2318; SSE:601318) has risen to 6
th place in the Forbes Global 2000 ranking this year, up one place from 2020. With steady growth of operating income, profit, asset scale and market value, Ping An again ranked first among global diversified insurance companies. It is 5
th among global financial institutions and 3
rd among China companies.
The annual Global 2000 ranking from the Forbes is regarded as one of the most authoritative rankings of the world s biggest and most valuable companies. Rankings are based on an analysis of four metrics: sales, profits, assets and market value. Ping An reported revenues of USD169.1 billion, profit of USD20.8 billion, assets of USD1,453.8 billion and market capitalization of USD211.2 billion. ....

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Aramco Announces First Quarter 2021 Results

Aramco Announces First Quarter 2021 Results
Net income: $21.7B
Free cash flow : $18.3B
Q4 2020 dividend of $18.8B paid in the first quarter; Q1 2021 dividend of $18.8B to be paid in the second quarter
The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its first quarter financial results, posting a 30% year-on-year increase in net income to $21.7B and declaring a dividend of $18.8B to be paid in Q2. The results were underpinned by higher oil prices and an improved economic environment in the first three months of 2021.
Commenting on the results, Aramco President & CEO Amin H. Nasser, said:
“The momentum provided by the global economic recovery has strengthened energy markets, and Aramco’s operational flexibility, financial agility and the resilience of our employees have contributed to a strong first quarter performance. For our customers we remain a supplier of choice, and for our shareholders we continue to deliver an exc ....

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Reliance Industries' deleveraging set to continue: S&P

S&P says sizable investments by RIL are a risk to its underlying view on the company.
Reliance Industries deleveraging set to continue: S&P
ANI |
Updated: May 06, 2021 11:19 IST
RIL s deleveraging over the past 12 months was driven by sizable asset monetisation and equity raising. The conglomerate recognised a cash inflow of Rs 2.2 lakh crore during fiscal 2021 (year ended March 31) which lowered S&P s computation of reported net debt by about 70 pr cent to Rs 54,000 crore.
The reduction in debt was despite RIL having negative free cash flows of about Rs 86,000 crore during the year.
S&P said it cannot rule out further asset monetisation by RIL over the next 12 to 24 months. The company is in the process of spinning off its oil-to-chemicals segment into a wholly-owned subsidiary. ....

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