Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher.

SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world’s first trillionaire.

At least 15 people who registered for Saudi Arabia’s delegation to the COP28 climate conference in Dubai appear to be undeclared employees of the Saudi state oil company, according to research by an environmental nonprofit.

Apple is near to becoming the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits.

Saudi Arabia and other major oil producers say they will cut oil production by 1.15 million barrels per day from May until the end of 2023.

Saudi Arabia’s vision of an environmentally friendly future is on display just a short drive from the venue of the U.N. climate summit being held in Egypt.

Oil giant Saudi Aramco is reporting a $42.4 billion profit in the third quarter of this year, buoyed by higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide.

Saudi energy company Aramco has unveiled a $1.5 billion fund for sustainable investments, part of efforts to burnish the state-owned company’s green credentials.

Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion as oil prices remain high globally.

Saudi Arabia’s oil-producing crown jewel, Aramco, has announced a net income of around $47 billion for the first half of the year.

FILE - This Sept. 15, 2019, file photo, shows storage tanks at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia. A Houthi military spokesman, tweeted that the rebels fired a new Quds-2 cruise missile at the facility. Gen. Yehia Sarie, a Houthi military spokesman, tweeted that the rebels fired a new Quds-2 cruise missile at the facility. A Saudi-led military coalition launched a bombing campaign to dislodge the Houthis and restore the internationally recognized government. Saudi Arabia has faced widespread international criticism for its airstrikes that have killed civilians and hit non-military targets in Yemen.

NEW YORK Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion. Apple has been at the vanguard of a group of Big Tech companies that are increasingly taking over peoples lives -- and the stock market. Just five companies -- Apple, Microsoft, Amazon, Facebook and Googles parent company -- account for nearly 23% of the S&P 500s entire value. Saudi Aramco reached a market value of $2 trillion shortly after becoming a public company in December 2019. The Saudi energy producers shares have fallen since amid a drop in oil prices and its market value is now about $1.82 trillion.

Profits for the first six months of the year plunged to $23.2 billion, half of last years $46.9 billion for the same time period. Despite massive efforts by Saudi Crown Prince Mohammed bin Salman to diversify the economy, Saudi Arabia still depends heavily on oil exports to fuel government spending. Aramco was knocked out of its top spot as the worlds most valuable listed company by Apple in recent days. At its highest, Aramco traded above $10 a share in December and at it lowest slipped to $7.20 a share in March. Even before the half-year results were announced, it was clear Aramco's half-year earnings would take a hit with the company's first quarter profits down 25%.

A man walks near a compound for Saudi Aramco in Jiddah, Saudi Arabia, Sunday, Nov. 3, 2019. Saudi Arabia formally started its long-anticipated initial public offering of its state-run oil giant Saudi Aramco on Sunday, which will see a sliver of the firm offered on a local stock exchange in hopes of raising billions of dollars for the kingdom. In a more than 650-page document issued late Saturday, Aramco, which is the world's most profitable company, says the offering period for investors will begin Nov. 17. The preliminary prospectus says the company plans to pay out an annual dividend of at least $75 billion starting in 2020, but questions remain over Aramco's valuation. The kingdom's plan to sell a sliver of the company is part of an ambitious economic overhaul by the government aimed at raising new streams of revenue for the oil-dependent country.

Saudi Aramco is trying to pull off a monster IPO that will be a major rainmaker for Wall Street. But environmental groups are urging big banks to help save the planet by refusing to work on the lucrative deal. DHAHRAN, Saudi Arabia - Saudi Aramco is trying to pull off a monster IPO that will be a major rainmaker for Wall Street. But environmental groups are urging big banks to help save the planet by refusing to work on the lucrative deal. That's why Singapore's Temasek Holdings decided against investing in the Aramco IPO, according to The Wall Street Journal.

Google Maps(CNN) - An attack in the early hours of September 14 struck at the core of Saudi Aramco, jolting a company that earns over half of Saudi Arabia's total gross domestic product every year. Saudi Arabia has seen its energy infrastructure, including pumping stations, pipelines, supertankers and oil and gas fields, continuously attacked over the past five months. None, but Saudi Aramco," he said. The United States announced Friday it would send additional troops to Saudi Arabia and the United Arab Emirates in response to the attack, which the Washington has blamed on Tehran. The spokesman for the Pentagon's Joint Chiefs Chairman General Joseph Dunford told CNN that US Central Command is already in consultation with Saudi Arabia to mitigate future risks.

Coordinated strikes on key Saudi Arabian oil facilities disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply. Yemen's Houthi rebels on Saturday took responsibility for the attacks on the Saudi Aramco oil facilities in Khurais and Abqaiq -- the world's largest oil processing facility and crude oil stabilization plant. Saudi Energy Minister Prince Abdulaziz bin Salman said that 5.7 million barrels a day of crude oil and gas production have been affected. "The sudden change in geopolitical risk" could cause crude prices to jump between $5 and $10 a barrel, Midgley said. Two other analysts told CNN Business they believe prices could jump $15 per barrel because of the amount of Saudi oil affected by the attacks.

Google Maps(CNN) - Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply, people with knowledge of Saudi's oil operations told CNN Business. Yemen's Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day. The development comes as Saudi Aramco takes steps to go public in what could be the world's biggest IPO. It commissioned an independent audit of the kingdom's oil reserves and has started publishing earnings.

DHAHRAN, Saudi Arabia - Saudi Arabia has taken an important step forward with its long delayed listing of oil giant Aramco, replacing the company's chairman with someone seen as more sympathetic to Crown Prince Mohammad Bin Salman's IPO ambitions. Leadership changes at Aramco were a "necessary step" towards the IPO, said Olivier Jakob, managing director at consultant Petromatrix. Bringing the deal to market is still fraught with risk, however, particularly if global oil prices remain weak, said Jakob. In the current market, it would be difficult to achieve prices of $70 to $80 a barrel, which Saudi Arabia seemed to be targeting, he added. Saudi Aramco reported last month that its profit dropped 12% in the first half of its financial year to $46.9 billion due to weaker global oil prices.

Bill Pugliano/Getty Images(CNN) - Saudi Aramco said Monday that its profit dropped 12% in the first half of its financial year to $46.9 billion due to weaker global oil prices. Apple, for comparison, generated profit of $31.5 billion in the first six months of its financial year. The Saudi company said it produced 10 million barrels of crude oil per day on average, delivering "near 100% delivery on our customers' requirements for oil and refined products." A lack of transparency over the size of the country's energy reserves had caused skepticism about the potential sale and the value of Aramco. Saudi Arabia's vast energy reserves have also been independently audited and shown to total 268.5 billion barrels.