VIDEO: Are Aramco’s net H1 2017 revenues enough to spur on IPO interest?

April 16, 2018 10:25 am

Saudi Aramco’s accounts show the oil giant to be the world’s most profitable company with a net income of $33.8 billion in the first half of 2017. Bloomberg’s Javier Blas reports on “Bloomberg Daybreak: Americas.

While ARAMCO revenues are bigger than those of any other company in the world, and more than at least total revenues of 5 top global oil companies combined, what is keeping he company’s valuation below $2tn?

Still, it’s good to remember that the financial results are those of 2017 when oil prices were in the $55 range.

To know the answer, watch the video.

Video: Why is Aramco’s IPO a key issue on Saudi crown prince’s overseas trip?

Read: Fear of Saudi crackdown gone: Buinesses drooling at $100bn Aramco IPO







Hadi Khatib
By Hadi Khatib
Hadi Khatib is a business editor with more than 15 years' experience delivering news and copy of relevance to a wide range of audiences. If newsworthy and actionable, you will find this editor interested in hearing about your sector developments and writing about it.