Saudi Aramco will not formally market its shares outside of the Gulf after cancelling plans for a European roadshow ahead of its long-awaited initial public offering (IPO). The postponement of the European roadshow, reported by the Financial Times, comes a day after the Saudi oil behemoth...
Saudi Aramco has claimed it is ready to move forward with a record US$2 trillion market flotation, after the state-owned Saudi oil giant published its profits for the first half of the year in its miaden investor call. Lower oil prices pushed the company’s profits for...
US President Donald Trump has urged Saudi Arabia’s state-run oil company Saudi Aramco to consider listing on the New York Stock Exchange in what would be the biggest IPO in history. Trump appealed to Saudi Arabia through twitter, posting the following message on the website: “Would...
BP (LSE:BP) is considering a spin-off of its vast US Gulf and Midwest oil and gas pipeline assets in an initial public offering (IPO). The plan was first deliberated internally by the UK energy giant five years ago when the potential spin-off was christened BP Midstream...
Saudi Arabian state oil company Aramco is planning a three-way foreign listing in London, Hong Kong and New York, according to a report in UK newspaper The Telegraph. The gulf state is hoping to attract ExxonMobil, China’s Sinopec and BP to invest in strategic stakes when...