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 valuation figure is almost twice that of Microsoft , currently the world's most valuable listed company and seven times that of Exxon Mobil Corp , the biggest listed oil major by market cap.Analysts from banks working on the Riyadh bourse listing have met Aramco's management in Dhahran over the past month to get more information on the company, but their valuations of the company 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. Aramco did provide investors with some extra financial information on Sunday and Monday, including its 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 on its facilities, which initially halved its production, would have a material impact on its business.
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