Saudi Arabia kick started an all-out oil war on Saturday, slashing official pricing for its crude and making the deepest cuts in at least 20 years on its main grades, in an effort to push as many barrels into the market as possible.
— Read on www.bloomberg.com/news/articles/2020-03-07/saudi-aramco-slashes-crude-prices-kicking-off-price-war
Tag: Aramco
Saudi Aramco IPO: Shares surge as trading begins
The oil giant’s initial public offering has surpassed its earlier valuation of $1.7 trillion.
— Read on www.cnbc.com/2019/12/11/saudi-aramco-ipo-shares-surge-as-trading-begins.html
Aramco IPO News: China Considers $10 Billion Stake in Saudi Oil – Bloomberg
Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco’s initial public offering, as Saudi Arabia seeks commitments from friendly governments to shore up the record share sale, people with knowledge of the matter said.
— Read on www.bloomberg.com/news/articles/2019-11-06/china-said-to-discuss-at-least-5-billion-aramco-ipo-investment
Aramco IPO will come soon, Saudi crown prince to decide: energy minister – Reuters
The initial public offering (IPO) for state-owned oil company Saudi Aramco will come soon, and will be a decision taken by Saudi Crown Prince Mohammed bin Salman, the kingdom’s energy minister said on Wednesday.
— Read on www.reuters.com/article/us-saudi-investment-aramco/aramco-ipo-will-come-soon-saudi-crown-prince-to-decide-energy-minister-idUSKBN1X90KQ
Aramco Tells IPO Bankers It Made $68 Billion in 9 Months
(Bloomberg) — Saudi Aramco earned $68 billion in the first nine months of the year, cementing its position as the world’s most profitable company, according to people familiar with the figures.The state-owned oil producer disclosed the unaudited net figure to financial analysts working on its planned
— Read on ca.finance.yahoo.com/news/aramco-tells-ipo-bankers-made-093508811.html
Saudi Aramco aims to begin planned IPO on November 3: sources – Reuters
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
— Read on www.reuters.com/article/us-saudi-aramco-ipo/saudi-aramco-aims-to-begin-planned-ipo-on-nov-3-sources-idUSKBN1X80JH
Aramco to Trade on Saudi Exchange on Dec. 11, Arabiya Says – Bloomberg
Shares in Saudi state oil giant Aramco will start trading on the Middle Eastern country’s stock exchange on Dec. 11, television news channel Al Arabiya reported, without saying where it got the information.
— Read on www.bloomberg.com/news/articles/2019-10-29/aramco-stock-to-trade-on-saudi-exchange-on-dec-11-arabiya-says
Saudi Aramco delays planned IPO until after earnings update: sources – Reuters
Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm, two sources familiar with the matter said on Thursday.
— Read on www.reuters.com/article/us-saudi-aramco-ipo/saudi-aramco-delays-planned-ipo-until-after-earnings-update-sources-idUSKBN1WW2M5
Saudi Aramco reveals scale of damage from oil attacks – BNN Bloomberg
Saudi Aramco reveals scale of damage from oil attacks – BNN Bloomberg
— Read on www.bnnbloomberg.ca/saudi-aramco-reveals-scale-of-damage-from-oil-attacks-1.1319307
Aramco said to select Lazard, Moelis for world’s biggest IPO – BNN Bloomberg
Aramco said to select Lazard, Moelis for world’s biggest IPO – BNN Bloomberg
— Read on www.bnnbloomberg.ca/aramco-said-to-select-lazard-moelis-for-world-s-biggest-ipo-1.1304019