Saudi Aramco tops Crown Prince's $2 trillion goal as shares surge

) topped the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares clocked up a second day of gains, defying some scepticism about the state-owned oil firm’s long-term value.

Riyadh scaled back its plans after overseas investors baulked at the proposed valuation and only 1.5% of Saudi Arabian Oil Co shares were listed on the Riyadh stock exchange on Wednesday, a tiny free float for such a large company. “Saudi Aramco is the largest, most profitable oil company in the world - but size is not everything,” they wrote, flagging the risk of slow net income growth if oil prices stay flat.

“The main concerns here are lagging corporate governance standards as well as environmental issues since an investment in Aramco would obviously have a significant impact on a portfolio’s CO2 emissions,” Love added.

Herbert_L_Reed Yea giving radical Wahabbi Islamists another extra two trillion shouldn’t cause any issues whatsoever.

No one cares. They can guard their oil where it came from and research on eco-friendlier alternatives. Egoism will destroy us all, humankind will be doomed to extinction and destruction if we do not change our values and habits.

Prayers were heard and supported.

Im buying an electronic truck.

Chump change and growing.

PetraAu When are they meeting to decide Trump and the GOP’s foreign policy for the region? Will any of the money be used on the prisons for Saudi women human rights activists?

Is this Aramco oil ? Saudis only have oil to sell right What will they do when people stop buying their oil Why don’t they have sanctions for killing US citizen, shooting up Pensacola Navy Base, or even 9/11 terrorist attack ?!? AnotherReasonToGetElectricCars BoycottSA

And western economists said it's impossible to Saudi Aramco to reach 2$ trillion 😂😂😂

Too bad for Enrico Mattei's country

So, I guess oil will be around for awhile!

Cc GretaThunberg

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