Saudi Aramco float values oil giant at $1.7 trillion

World’s most profitable company could become also its valuable

bw-saudi_oil.jpg
(Image credit: Frederic J. Brown/AFP/Getty Images)

Saudi Aramco has set a price range for its long-anticipated floatation which would value the oil giant at $1.7 trillion (£1.3 trillion), significantly below that sought by Crown Prince Mohammed bin Salman but still making it the world’s most valuable company.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up