The world's most valuable company: Saudi Arabia puts $1.7 trillion price tag on its oil monopoly

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Saudi Arabia believes its giant state oil monopoly is worth as much as $1.7 trillion.

That means Aramco, the most profitable company in the world, could be worth between 6 trillion riyals and 6.4 trillion riyals — making it also by far the world's most valuable company ahead of Apple.

Saudi Arabia is selling shares in Aramco for the first time as part of an economic diversification plan aimed at weaning the kingdom off oil.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business group decries 'unfair stereotype' tagging Filipino-Chinese in illegal drugsRacism? Isn't it unfair as well for the workers to get a contractual job? A salary that wouldn't cover the high cost of living and standards that these businesses are creating? Until now filipinos can not differentiate nationals coming fr china n taiwan.More so now that many chinaman had learn the tagalog or other filipino dialect depending on where they r located. Its only us chinoys who can tell them apart by the way they speak hokkien.Ours s not pure
Source: ABSCBNNews - 🏆 5. / 83 Read more »