-
Saudi Aramco Profit Surges to $48.4 Billion
The recent rally in oil prices helped Saudi Aramco break yet another record. The company posted the biggest quarterly adjusted profit of any listed company globally. Su Keenan reports on Bloomberg Television.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
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Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
published: 15 Aug 2022
-
Saudi Aramco: The Company and the State
For the past two years, Saudi Arabia has prepared to place its national oil company on the stock market. Officials talked up the Saudi Aramco initial public offering (IPO) with international exchanges and global banks. It seemed like a great idea that the world's largest oil producing company, valued at $2 trillion, would become the world's largest ever traded stock.
There are many companies in the world which move and shake markets but perhaps no other organization essential to running a country. Aramco is unique and it runs no ordinary country. Saudi Arabia plays a key role in moving global oil prices. The oil market affects everyone on the planet directly or indirectly. Oil prices have developed and destroyed economies – Sudan and Venezuela being the most recent examples. So that compa...
published: 01 Feb 2019
-
What is Saudi Aramco? | CNBC Explains
It’s the biggest oil company in the world and it’s set to have the largest IPO in history - so what exactly is Saudi Aramco and why does its success mean so much to the Saudi kingdom? CNBC's Tom Chitty explains.
-----
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published: 09 Aug 2018
-
Saudi Aramco: The biggest energy company in the world
Saudi Aramco is considering an IPO that could value it at $2 trillion, roughly four times the size of Apple.
published: 31 May 2016
-
How Aramco Became the Biggest Company in the World | WSJ
The forces that propelled Aramco's growth from a single well to the biggest oil producer in the world are changing underfoot. Now that the company has sold shares, can it sustain the kind of growth needed to keep investors happy? WSJ explains. Photo: John Moore/AP
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#WSJ #Aramco #Explainer
published: 05 Feb 2020
-
Gravitas: Saudi Aramco overtakes Apple to become the most-valuable company
Saudi Arabia's national petroleum and gas company Saudi Aramco has overtaken Apple to become the world's most valuable company. Saudi Aramco is valued at $2.43 Trillion. Palki Sharma brings you the story of the company's rise.
#Gravitas #SaudiAramco #Apple
About Channel:
WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly On...
published: 12 May 2022
-
Saudi Aramco - Kompanija i država
U protekle dvije godine Saudijska Arabija se pripremila da svoju nacionalnu naftnu kompaniju stavi na tržište dionica.
Zvaničnici su razgovarali o inicijalnoj javnoj ponudi Saudi Aramco (IPO) s međunarodnim berzama i globalnim bankama.
Saudijska Arabija igra ključnu ulogu u kretanju globalnih cijena nafte. Tržište nafte utječe na sve na svijetu, direktno ili indirektno.
Vidjet ćemo kako kompanija i država oblikuju stanje na tržištu naftnih derivata, koja je strateška važnost Aramca i šta ovo znači u pogledu ambicioznog plana Prinčeve 'Vizije 2030'.
Pratite nas: http://www.youtube.com/ajbalkans
http://facebook.com/ajbalkans
http://instagram.com/ajbalkans/
http://twitter.com/ajbalkans
http://balkans.aljazeera.net
published: 20 Mar 2019
2:44
Saudi Aramco Profit Surges to $48.4 Billion
The recent rally in oil prices helped Saudi Aramco break yet another record. The company posted the biggest quarterly adjusted profit of any listed company glob...
The recent rally in oil prices helped Saudi Aramco break yet another record. The company posted the biggest quarterly adjusted profit of any listed company globally. Su Keenan reports on Bloomberg Television.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
https://gemeentedelft.info/geme/02bj5ib39yL6MHc0/Saudi_Aramco_Profit_Surges_To_48.4_Billion
The recent rally in oil prices helped Saudi Aramco break yet another record. The company posted the biggest quarterly adjusted profit of any listed company globally. Su Keenan reports on Bloomberg Television.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
- published: 15 Aug 2022
- views: 3030
50:01
Saudi Aramco: The Company and the State
For the past two years, Saudi Arabia has prepared to place its national oil company on the stock market. Officials talked up the Saudi Aramco initial public off...
For the past two years, Saudi Arabia has prepared to place its national oil company on the stock market. Officials talked up the Saudi Aramco initial public offering (IPO) with international exchanges and global banks. It seemed like a great idea that the world's largest oil producing company, valued at $2 trillion, would become the world's largest ever traded stock.
There are many companies in the world which move and shake markets but perhaps no other organization essential to running a country. Aramco is unique and it runs no ordinary country. Saudi Arabia plays a key role in moving global oil prices. The oil market affects everyone on the planet directly or indirectly. Oil prices have developed and destroyed economies – Sudan and Venezuela being the most recent examples. So that company shedding its cloak of secrecy and deciding to go public is a huge deal. Specially for Saudi Arabia which is run by a monarchy and its affairs cannot be publicly evaluated or scrutinized.
The proposed listing of the national champion was a central part of the young Crown Prince Mohammed bin Salman's Vision 2030, a reform drive aimed at restructuring the kingdom's economy and reducing its dependence on oil revenue.
"I think there was a strong case for the IPO and there still is for the selling of a stake of Saudi Aramco and there are lots of reasons for it," explains Jim Krane, an energy researcher at Rice University’s Baker Institute for Public Policy. While Saudi Arabia, like other Gulf states have been trying to move away their economies from oil dependency for years, "the specter of climate action has finally made the Saudis get serious about it. And really the only way to diversify is through Aramco and Aramco is the source of revenues that the Saudi state needs to build other economic sectors."
The Kingdom holds about 16 percent of the world’s oil reserves and is the largest exporter of petroleum among OPEC countries. Nearly half of the country's GDP comes from oil and Aramco itself employs 65,000 people.
The concerns about radical changes in strategy put a spanner in the works for Saudi Aramco's public listing. For the first time in its history, an IPO would bring full public disclosure of Aramco's financial details, a feat that has never been made public.
"Probably the biggest downside is the transparency that would have resulted around Saudi oil reserves," says Krane, a number that doesn't move beyond 260 billion barrels. "If Saudi Aramco would have listed shares on the NYSE or the London stock exchange, the regulators would have forced Saudi Arabia to come clean on all of its reserves, how much of that is proven probable or otherwise."
A lot has changed since Mohammed bin Salman's international public relations drive such as the imprisonment of top Saudi businessmen, the murde r of journalist Jamal Khashoggi, the continued wa r on Yemen, and the Saudi-led blockade on neighbouring Qatar. That has resulted in a flight of capital, reduced foreign investment, increased Saudi borrowing and a halt on Saudi Aramco's IPO.
This is not the first time reforms have been promised in Saudi Arabia. "In many ways, Mohammed bin Salman resembles his grandfather Abdul Aziz al-Saud," according to Chas Freeman, former US Ambassador to Saudi Arabia. The late leader united the country "with tribal marriages...conducted a wa r in the Saudi south, which took land from Yemen...suppressed religious uprisings and it worked." Whether his grandson's current ambitions will work is "unknown," says Freeman.
Aramco owns the largest refinery in the US, Motiva, and hundreds of facilities across the globe and funds universities, think-tanks, lobbying firms and controls a vast media empire. That money shapes policy and perceptions while also covering up criticism of the kingdom.
Saudi Aramco's failure to launch and a young leader's stumble from one crisis to another are directly linked. There is an urgency to rush into things but also a lack of experience. "That is really like planning for the growth of a nation, not the exit of an IPO," says Chad Brownstein, a hydrocarbon investment analyst and CEO of Rocky Mountain Resources. "And the growth of a nation takes a lot more planning than a couple of months."
Saudi Aramco: The Company and the State examines the reasons behind the ambitious offering, the politics of Saudi oil, the strategic importance of Aramco, a faulty evaluation, the challenges of transparency and what it means for an ambitious Prince's 'Vision 2030'.
Filmmaker: Osama bin Javaid
Camera: Sherein Emam, Bobby Gunawan
Editor: George Joseph
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#AlJazeeraEnglish #Aramco #SaudiArabia
https://gemeentedelft.info/geme/02bj5ib39yL6MHc0/Saudi_Aramco_The_Company_And_The_State
For the past two years, Saudi Arabia has prepared to place its national oil company on the stock market. Officials talked up the Saudi Aramco initial public offering (IPO) with international exchanges and global banks. It seemed like a great idea that the world's largest oil producing company, valued at $2 trillion, would become the world's largest ever traded stock.
There are many companies in the world which move and shake markets but perhaps no other organization essential to running a country. Aramco is unique and it runs no ordinary country. Saudi Arabia plays a key role in moving global oil prices. The oil market affects everyone on the planet directly or indirectly. Oil prices have developed and destroyed economies – Sudan and Venezuela being the most recent examples. So that company shedding its cloak of secrecy and deciding to go public is a huge deal. Specially for Saudi Arabia which is run by a monarchy and its affairs cannot be publicly evaluated or scrutinized.
The proposed listing of the national champion was a central part of the young Crown Prince Mohammed bin Salman's Vision 2030, a reform drive aimed at restructuring the kingdom's economy and reducing its dependence on oil revenue.
"I think there was a strong case for the IPO and there still is for the selling of a stake of Saudi Aramco and there are lots of reasons for it," explains Jim Krane, an energy researcher at Rice University’s Baker Institute for Public Policy. While Saudi Arabia, like other Gulf states have been trying to move away their economies from oil dependency for years, "the specter of climate action has finally made the Saudis get serious about it. And really the only way to diversify is through Aramco and Aramco is the source of revenues that the Saudi state needs to build other economic sectors."
The Kingdom holds about 16 percent of the world’s oil reserves and is the largest exporter of petroleum among OPEC countries. Nearly half of the country's GDP comes from oil and Aramco itself employs 65,000 people.
The concerns about radical changes in strategy put a spanner in the works for Saudi Aramco's public listing. For the first time in its history, an IPO would bring full public disclosure of Aramco's financial details, a feat that has never been made public.
"Probably the biggest downside is the transparency that would have resulted around Saudi oil reserves," says Krane, a number that doesn't move beyond 260 billion barrels. "If Saudi Aramco would have listed shares on the NYSE or the London stock exchange, the regulators would have forced Saudi Arabia to come clean on all of its reserves, how much of that is proven probable or otherwise."
A lot has changed since Mohammed bin Salman's international public relations drive such as the imprisonment of top Saudi businessmen, the murde r of journalist Jamal Khashoggi, the continued wa r on Yemen, and the Saudi-led blockade on neighbouring Qatar. That has resulted in a flight of capital, reduced foreign investment, increased Saudi borrowing and a halt on Saudi Aramco's IPO.
This is not the first time reforms have been promised in Saudi Arabia. "In many ways, Mohammed bin Salman resembles his grandfather Abdul Aziz al-Saud," according to Chas Freeman, former US Ambassador to Saudi Arabia. The late leader united the country "with tribal marriages...conducted a wa r in the Saudi south, which took land from Yemen...suppressed religious uprisings and it worked." Whether his grandson's current ambitions will work is "unknown," says Freeman.
Aramco owns the largest refinery in the US, Motiva, and hundreds of facilities across the globe and funds universities, think-tanks, lobbying firms and controls a vast media empire. That money shapes policy and perceptions while also covering up criticism of the kingdom.
Saudi Aramco's failure to launch and a young leader's stumble from one crisis to another are directly linked. There is an urgency to rush into things but also a lack of experience. "That is really like planning for the growth of a nation, not the exit of an IPO," says Chad Brownstein, a hydrocarbon investment analyst and CEO of Rocky Mountain Resources. "And the growth of a nation takes a lot more planning than a couple of months."
Saudi Aramco: The Company and the State examines the reasons behind the ambitious offering, the politics of Saudi oil, the strategic importance of Aramco, a faulty evaluation, the challenges of transparency and what it means for an ambitious Prince's 'Vision 2030'.
Filmmaker: Osama bin Javaid
Camera: Sherein Emam, Bobby Gunawan
Editor: George Joseph
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#AlJazeeraEnglish #Aramco #SaudiArabia
- published: 01 Feb 2019
- views: 3333632
5:03
What is Saudi Aramco? | CNBC Explains
It’s the biggest oil company in the world and it’s set to have the largest IPO in history - so what exactly is Saudi Aramco and why does its success mean so muc...
It’s the biggest oil company in the world and it’s set to have the largest IPO in history - so what exactly is Saudi Aramco and why does its success mean so much to the Saudi kingdom? CNBC's Tom Chitty explains.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
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https://twitter.com/CNBCi
https://gemeentedelft.info/geme/02bj5ib39yL6MHc0/What_Is_Saudi_Aramco_|_Cnbc_Explains
It’s the biggest oil company in the world and it’s set to have the largest IPO in history - so what exactly is Saudi Aramco and why does its success mean so much to the Saudi kingdom? CNBC's Tom Chitty explains.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv
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- published: 09 Aug 2018
- views: 1265584
1:15
Saudi Aramco: The biggest energy company in the world
Saudi Aramco is considering an IPO that could value it at $2 trillion, roughly four times the size of Apple.
Saudi Aramco is considering an IPO that could value it at $2 trillion, roughly four times the size of Apple.
https://gemeentedelft.info/geme/02bj5ib39yL6MHc0/Saudi_Aramco_The_Biggest_Energy_Company_In_The_World
Saudi Aramco is considering an IPO that could value it at $2 trillion, roughly four times the size of Apple.
- published: 31 May 2016
- views: 1910462
10:19
How Aramco Became the Biggest Company in the World | WSJ
The forces that propelled Aramco's growth from a single well to the biggest oil producer in the world are changing underfoot. Now that the company has sold shar...
The forces that propelled Aramco's growth from a single well to the biggest oil producer in the world are changing underfoot. Now that the company has sold shares, can it sustain the kind of growth needed to keep investors happy? WSJ explains. Photo: John Moore/AP
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#WSJ #Aramco #Explainer
https://gemeentedelft.info/geme/02bj5ib39yL6MHc0/How_Aramco_Became_The_Biggest_Company_In_The_World_|_Wsj
The forces that propelled Aramco's growth from a single well to the biggest oil producer in the world are changing underfoot. Now that the company has sold shares, can it sustain the kind of growth needed to keep investors happy? WSJ explains. Photo: John Moore/AP
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#WSJ #Aramco #Explainer
- published: 05 Feb 2020
- views: 355829
4:47
Gravitas: Saudi Aramco overtakes Apple to become the most-valuable company
Saudi Arabia's national petroleum and gas company Saudi Aramco has overtaken Apple to become the world's most valuable company. Saudi Aramco is valued at $2.43 ...
Saudi Arabia's national petroleum and gas company Saudi Aramco has overtaken Apple to become the world's most valuable company. Saudi Aramco is valued at $2.43 Trillion. Palki Sharma brings you the story of the company's rise.
#Gravitas #SaudiAramco #Apple
About Channel:
WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
Subscribe to our channel at https://goo.gl/JfY3NI
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https://gemeentedelft.info/geme/02bj5ib39yL6MHc0/Gravitas_Saudi_Aramco_Overtakes_Apple_To_Become_The_Most_Valuable_Company
Saudi Arabia's national petroleum and gas company Saudi Aramco has overtaken Apple to become the world's most valuable company. Saudi Aramco is valued at $2.43 Trillion. Palki Sharma brings you the story of the company's rise.
#Gravitas #SaudiAramco #Apple
About Channel:
WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Connect with us on our social media handles:
Facebook: https://www.facebook.com/WIONews
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Follow us on Google News for latest updates
Zee News:- https://bit.ly/2Ac5G60
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Zee News Apps : https://bit.ly/ZeeNewsApps
- published: 12 May 2022
- views: 204578
49:56
Saudi Aramco - Kompanija i država
U protekle dvije godine Saudijska Arabija se pripremila da svoju nacionalnu naftnu kompaniju stavi na tržište dionica.
Zvaničnici su razgovarali o inicijalnoj ...
U protekle dvije godine Saudijska Arabija se pripremila da svoju nacionalnu naftnu kompaniju stavi na tržište dionica.
Zvaničnici su razgovarali o inicijalnoj javnoj ponudi Saudi Aramco (IPO) s međunarodnim berzama i globalnim bankama.
Saudijska Arabija igra ključnu ulogu u kretanju globalnih cijena nafte. Tržište nafte utječe na sve na svijetu, direktno ili indirektno.
Vidjet ćemo kako kompanija i država oblikuju stanje na tržištu naftnih derivata, koja je strateška važnost Aramca i šta ovo znači u pogledu ambicioznog plana Prinčeve 'Vizije 2030'.
Pratite nas: http://www.youtube.com/ajbalkans
http://facebook.com/ajbalkans
http://instagram.com/ajbalkans/
http://twitter.com/ajbalkans
http://balkans.aljazeera.net
https://gemeentedelft.info/geme/02bj5ib39yL6MHc0/Saudi_Aramco_Kompanija_I_Država
U protekle dvije godine Saudijska Arabija se pripremila da svoju nacionalnu naftnu kompaniju stavi na tržište dionica.
Zvaničnici su razgovarali o inicijalnoj javnoj ponudi Saudi Aramco (IPO) s međunarodnim berzama i globalnim bankama.
Saudijska Arabija igra ključnu ulogu u kretanju globalnih cijena nafte. Tržište nafte utječe na sve na svijetu, direktno ili indirektno.
Vidjet ćemo kako kompanija i država oblikuju stanje na tržištu naftnih derivata, koja je strateška važnost Aramca i šta ovo znači u pogledu ambicioznog plana Prinčeve 'Vizije 2030'.
Pratite nas: http://www.youtube.com/ajbalkans
http://facebook.com/ajbalkans
http://instagram.com/ajbalkans/
http://twitter.com/ajbalkans
http://balkans.aljazeera.net
- published: 20 Mar 2019
- views: 8146