Most Valuable Oil Company Aramco Considers Raising $50B Via Stock Sale
Portfolio Pulse from Vandana Singh
Saudi Arabia is reportedly considering selling up to $50 billion worth of shares in Aramco, the world's most valuable oil company, on the Riyadh exchange. This could be the largest offering in capital market history. The launch of these shares may occur before the end of the year. Aramco has been in talks with potential investors, including multinational oil companies and sovereign-wealth funds.

September 01, 2023 | 4:09 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Aramco's potential share sale could impact the oil market and indirectly affect BNO, an ETF that tracks the performance of Brent crude.
While BNO is not directly mentioned, it could be indirectly affected by any significant changes in the oil market resulting from Aramco's potential share sale.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
As a multinational oil company, Chevron could be a potential investor in Aramco's share sale, which could impact its financial position.
Chevron is not directly mentioned, but as a multinational oil company, it could be a potential investor in Aramco's share sale.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Exxon Mobil, as a multinational oil company, could be a potential investor in Aramco's share sale, which could impact its financial position.
Exxon Mobil is not directly mentioned, but as a multinational oil company, it could be a potential investor in Aramco's share sale.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50