With Saudi Aramco Set to Disclose Earnings, Could an I.P.O. Be Next? [The New York Times]
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Source: The New York Times
With Saudi Aramco Set to Disclose Earnings, Could an I.P.O. Be Next? - The New York Times LONDON — Saudi Aramco, the ’s largest oil producer, is set to shed new light on its financial on Monday, a revelatory moment for the highly secretive, state-controlled company. The most intriguing thing the oil giant may disclose in the process involves its future plans, including whether it will finally try to become the ’s biggest publicly traded company. Until April, Saudi Aramco had never shared how much crude it pumped and how much money it made. When it did — reporting earnings of $111 billion for 2018 When Aramco executives present a half-year earnings report for bond investors on Monday, they will have another opportunity to impress the global market with the company’s vitality and its potential for raising money that can help Saudi Arabia diversify its economy. The report could also help Aramco test the waters for its much-discussed but long-delayed public offering. Teams of bankers, in
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