Officials of Saudi Aramco and Saudi stock exchange attend a ceremony to mark the debut of state-owned oil company’s IPO in Riyadh, Saudi Arabia, on Wednesday. Photo: EPA-EFE Officials of Saudi Aramco and Saudi stock exchange attend a ceremony to mark the debut of state-owned oil company’s IPO in Riyadh, Saudi Arabia, on Wednesday. Photo: EPA-EFE
Officials of Saudi Aramco and Saudi stock exchange attend a ceremony to mark the debut of state-owned oil company’s IPO in Riyadh, Saudi Arabia, on Wednesday. Photo: EPA-EFE

Saudi crown prince gets his wish as state-owned energy giant Aramco’s valuation crosses US$2 trillion

  • Aramco shares hit 38.7 riyals on Thursday, before easing to 37.5 riyals, putting its market value at US$2 trillion
  • However, Bernstein analysts put Aramco’s value at around US$1.36 trillion, flagging the risk of slow net income growth if oil prices stay flat

Topic |   Energy
Officials of Saudi Aramco and Saudi stock exchange attend a ceremony to mark the debut of state-owned oil company’s IPO in Riyadh, Saudi Arabia, on Wednesday. Photo: EPA-EFE Officials of Saudi Aramco and Saudi stock exchange attend a ceremony to mark the debut of state-owned oil company’s IPO in Riyadh, Saudi Arabia, on Wednesday. Photo: EPA-EFE
Officials of Saudi Aramco and Saudi stock exchange attend a ceremony to mark the debut of state-owned oil company’s IPO in Riyadh, Saudi Arabia, on Wednesday. Photo: EPA-EFE
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