What is Saudi Aramco? | CNBC Explains

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  • Published on:  Thursday, August 9, 2018
  • It’s the biggest oil company in the world and it’s set to have the largest IPO in history - so what exactly is Saudi Aramco and why does its success mean so much to the Saudi kingdom? CNBC's Tom Chitty explains.-----Subscribe to us on YouTube: http://cnb.cx/2wuoARMSubscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMvLike our Facebook page:https://www.facebook.com/cnbcinternat...Follow us on Instagram:https://www.instagram.com/cnbcinterna...Follow us on Twitter:https://twitter.com/CNBCi
  • Source: https://youtu.be/F1f6VO7Slhk
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Comment

  • 3badi Mass

     10 months ago

    Saudi Aramco is the only foreign company that has an airport in USA.

  • Shanu Hussain

     5 days ago

    @Inherent Emperor bcoz American and Britisher have exploited SAUDI NATURAL RESOURCES FOR More than 30 years .Saudis like every other nations have the right to go where ever they want and what ever they want to wear . It's no one's buisness to see where a person goes or what dress he wears .

  • Inherent Emperor

     2 months ago

    And when these Saudis visit West they never wear their tradition thoub. Because they are hypocrites.. They try to hide their identity. Their own woman don't sit in taxis driven. By saudis

  • Aziz Islam

     10 days ago

    I had nice time working with ARAMCO in Dhahran, great company with great people.

  • Dil Nadan

     10 months ago

    احبک یا سعودیہ من الباکستان اللھم احفظ بلاد حرمین الشریفین !

  • السيد الملكي

     5 months ago

    احنا بعد نحبكم بس فية بعض الباكستانيين الله يصلحهم فاسدين

  • Abdulelah

     9 months ago

    أمين وجميع بلاد المسلمين.ونحن نحبكم أيضاً.

  • Noah ss

     10 months ago

    For those in the comments, valuation is an "estimate", it's up to investors to decide how much they want to pay and it's up the company to decide wether or not to go public. The higher the oil prices the higher the valuation.For those wanting Sandi's oil to come to zero, the world right now has limited oil production spare capacity. Saudi Arabia's oil production represents around 13% out of the world's production of oil (comparable to the US, and Russia). Any disruptions in production means...

  • Inherent Emperor

     2 months ago

    That's why the world is after Afghanistan. As its the only country unexploited

  • Omar Altye

     9 months ago

    The biggest company in the history .. 3 trillion $$$ 🤔

  • Robin Östringer

     1 months ago

    The real market Cap would be more llike 1,2 Trillion Dollars

  • 10k subs with no Videos

     3 months ago

    Omar Altye the biggest company in history is the dutch east Indian company worth 7,9 trillion adjusted for inflation

  • leep

     9 months ago

    A government is doing an IPO ?

  • madrad3

     1 months ago

    Where are all the protesters??

  • لا اله الا الله •

     10 months ago

    لا اله الا الله ✨🕊

  • Hassan Attari Ali

     5 months ago

    محمدالرسول اللہ

  • Jameel Ja

     10 months ago

    Why did they keep the name ARAMCO when they nationalize don't the company?

  • Evgeniy Shishkin

     7 months ago

    Aramco doesn't need to list itself on public exchanges because they are already raking in cash. The reason they are listing just 5% is so that they will have to disclose their reserves as part of going public. They will probably have a big surprise for everyone about how vast their reserve is.

  • Quilt

     19 days ago

    Well it turns out their reserves are indeed large, theyre sitting on 17-20 trillion, maybe more if oil barrel prices go up.