Overview

• Aramco is in private negotiations to sell as many as five gas-fired plants that power its refineries, targeting roughly $4 billion in proceeds.
• Beyond power assets, the oil giant is weighing divestments of housing compounds, pipelines and port infrastructure to streamline its portfolio.
• Lower crude prices have driven a near one-third cut to this year’s dividend, the largest reduction since early 2024.
• Chief Financial Officer Ziad Al-Murshed has confirmed a strategy of regularly issuing bonds to optimize Aramco’s capital structure.
• Funds from asset sales and debt offerings will support Saudi state revenues and finance Crown Prince Mohammed bin Salman’s Vision 2030 diversification agenda.