{"id":477108,"date":"2022-03-21T11:20:55","date_gmt":"2022-03-21T05:50:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=477108"},"modified":"2022-03-21T12:28:35","modified_gmt":"2022-03-21T06:58:35","slug":"after-oils-surge-saudi-aramco-hikes-spending-to-boost-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-oils-surge-saudi-aramco-hikes-spending-to-boost-output\/","title":{"rendered":"After oil\u2019s surge, Saudi Aramco hikes spending to boost output"},"content":{"rendered":"<p>Saudi Aramco will increase spending and issue bonus shares as oil\u2019s surge to more than $100 a barrel bolsters the company\u2019s plan to boost production. <\/p>\n<p>The Saudi Arabian firm, like rivals such as BP Plc and Chevron Corp., has experienced a sharp turnaround from 2020, when the coronavirus pandemic hammered energy demand and forced it to shelve several projects.<\/p>\n<p>Net income rose to $110 billion in 2021, more than double the figure of $49 billion from a year earlier, Aramco said on Sunday. The state-controlled company will probably increase capital expenditure to between $40 billion and $50 billion this year, compared with $32 billion in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco will increase spending and issue bonus shares as oil\u2019s surge to more than $100 a barrel bolsters the company\u2019s plan to boost production. The Saudi Arabian firm, like rivals such as BP Plc and Chevron Corp., has experienced a sharp turnaround from 2020, when the coronavirus pandemic hammered energy demand and forced it to shelve several projects. Net income rose to $110 billion in 2021, more than double the figure of $49 billion from a year earlier, Aramco said on Sunday. The state-controlled company will probably increase capital expenditure to between $40 billion and $50 billion this year, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-477108","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/477108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=477108"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/477108\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=477108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=477108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=477108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}