Tag: Aramco
Aramco Closes Just Below $2 Trillion Goal in Second-Day Gain
(Bloomberg) --Saudi Aramco shares rose for a second day, with the oil giant’s market value at times surpassing the $2 trillion mark that alienated...
Aramco Soars in Debut to Hit Market Value of $1.88 Trillion
(Bloomberg) --Saudi Aramco shares surged after its initial public offering, valuing the oil producer at a record $1.88 trillion and lifting Saudi Arabia’s stock...
Saudi Aramco Raises $25.6 Billion in World’s Biggest IPO
(Bloomberg) --Saudi Aramco raised $25.6 billion from the world’s biggest initial public offering, closing a deal that became synonymous with the kingdom’s controversial crown...
The Prince Got His World-Beating IPO. Now Hard Work Begins
(Bloomberg) --Saudi Aramco’s world-beating initial public offering is a watershed moment for a business that’s bankrolled the kingdom and its rulers for decades. The...
Saudis Make Surprise Oil Cut With Eye on Aramco’s $2 Trillion
(Bloomberg) --Saudi Arabia surprised the oil market with deeper production cuts, sending crude prices soaring and predicting that Aramco, fresh from its initial public...
Saudi Aramco Pitches Itself as the Low-Carbon Investors’ Choice
(Bloomberg) --Since 1980, the year Saudi Aramco was fully nationalized, the world’s largest oil producer has pumped about 116 billion barrels of crude oil...
Kuwait to Invest as Much as $1 Billion in Saudi Aramco IPO
(Bloomberg) --Kuwait’s government will invest as much as $1 billion in the initial public offering of Saudi Aramco as the kingdom asks regional allies...
Forget Aramco. Here’s Where The Real Excitement Lies in Saudi Stocks
(Bloomberg) -- While Saudi Arabia’s massive initial public offering of oil producer Aramco has been dominating headlines in the kingdom for months, investors have...
Aramco IPO bids reach $44.3 billion as retail offer closes
(Bloomberg) --Saudi Aramco’s initial public offering has drawn total bids of 166 billion Saudi riyals ($44.3 billion) so far from institutional and retail investors,...
Saudi Arabia signals it’s had enough of OPEC+ quota cheats
(Bloomberg) --For the last year, Saudi Arabia has largely turned a blind eye to cheaters within the OPEC+ alliance, cutting its own output more...
