REUTERS: Saudi Aramco's blockbuster listing remained shrouded in mystery on Monday , a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around US$1.2 to US$2.3 trillion.
That figure is almost twice that of Microsoft , currently the world's most valuable listed company and seven times that of Exxon Mobil Corp , the most valuable listed oil major by market cap.Analysts from banks working on the deal have met with Aramco's management in Dhahran over the past month to get more information on the company, but their valuations of Aramco still vary by around US$1 trillion.
Aramco Chairman Yasir al-Rumayyan said a decision on an international listing would be made in the future, without giving a timeframe or venue.Aramco did provide investors with some extra financial information on Sunday and Monday, including its detailed nine-month earnings, which showed net income fell to US$68.2 billion by the end of September 30, down from US$83.1 billion a year earlier.
Aramco said it did not expect the Sept. 14 attacks, which targeted plants at the heart of Saudi Arabia's oil industry and initially halved its production, would have a material impact on its business, operations and financial condition.
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