Saudi Aramco is the most valuable company in the world. If publicly held, its market cap would be in the $5-10 Trillion range.From FT Alphaville:
That, at right, is a slice of Saudi Aramco history that you probably won’t be seeing in an IPO prospectus any time soon — a story on the strikes that once wracked the Saudi Arabian state oil company’s eastern oil fields (in 1945, 1947, 1953 and 1956)…
A little bit of political risk on the way from the first Saudi oil concession to foreigners in 1933 and Aramco’s modern role as the might behind Saudi Arabia’s swing producer status in the oil market.
That swing producer effect perhaps isn’t what it used to be.
In any case we may yet see that IPO prospectus after all. Saudi Arabia is reportedly considering a flotation of Aramco — which might well rank it as the world’s most valuable listed company, if and when it actually lists:
Can you imagine selling shares in Saudi Aramco?A snippet from the Economist’s interview with deputy crown prince Muhammad bin Salman....MORE
This is something that is being reviewed, and we believe a decision will be made over the next few months. Personally I’m enthusiastic about this step. I believe it is in the interest of the Saudi market, and it is in the interest of Aramco, and it is for the interest of more transparency, and to counter corruption, if any, that may be circling around Aramco.