General World News

The world's most valuable company could be going public (USO, OIL)

fredgraph (3)

Saudi Arabia’s state-owned oil behemoth could be coming to the public markets.

According to a report in The Economist, Saudi Aramco, the state-owned company that is the world’s largest oil producer, could potentially be listed on a public exchange sometime soon. Muhammad bin Salman, the kingdom’s deputy crown prince, told The Economist a decision by the kingdom regarding an offering of Aramco will happen in the next few months.

Saudi Aramco is worth “trillions of dollars” according to Saudi officials, which would make it by far the largest company in the world.

Bin Salman told The Economist, “Personally, I’m read more >>>

Source : BusinessInsider.Com