However, several banks are putting their estimates much lower than that, with some valuations nearly $800 billion less than the $2 trillion figure. , banks involved in the listing are finding it hard to pinpoint a value for Saudi Aramco. Bank of America's valuation, for example, ranges from $1.22 trillion to $2.27 trillion.
Bloomberg noted that the $1 trillion gap in value would be able to fit the combined market capitalizations of Chevron, Exxon Mobil, and Shell combined. Goldman Sachs valued Aramco at $1.6 trillion to $2.3 trillion, with Bloomberg citing the bank as saying to investors that"our suggested valuation framework is based on a long-term analysis and it is not linked to a near-term assessment of the likely performance of the company's shares."
HSBC put the value between $1.59 trillion and $2.1 trillion, according to Bloomberg, while French bank BNP Paribas gave an incredibly specific figure of $1.424394 trillion.
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