Saudi Aramco To Raise $25 6 Billion In Biggest Ipo Ever The New York Times
Aramco had 260.two billion barrels of oil equivalent in 2017, bigger than the combined reserves of Exxon Mobil Corp, Chevron Corp, Royal Dutch Shell Plc, BP Plc and Total SA. The reserves have an estimated life of 54 years. The kingdom is the de facto leader of the Organization of Petroleum Exporting Countries or OPEC, helping engineer cost moves on planet oil markets....