Related Articles
Leaders
Forward article link
Share PDF with colleagues

How much would 5% of Saudi Aramco be worth?

Saudi Arabia may sell a stake in its crown jewel, but raise much less money than its deputy crown prince thinks

IN 2005, McKinsey said Aramco was worth about $0.781 trillion. The Sovereign Wealth Fund Institute recently pegged its value at around $2.1 trillion. The Saudi deputy crown prince Mohammad bin Salman put the number at $2.5 trillion. Mohammed al-Sabban, a Saudi former petroleum advisor, reckons even more - at least $10 trillion. But what is Saudi Aramco, the kingdom’s state-owned oil jewel, really worth? For decades that has been an academic question, at best. But then came the young prince’s interview with Bloomberg and, on 25 April, his announcement of plans to break Saudi Arabia’s oil "addiction", partly by selling off some of the state firm.  Salman talks of plans for a $2 trillion sove

Also in this section
Saudi Arabia pushes ahead with IPO
22 March 2017
The state firm is making the right noises about its privatisation, but the clock is ticking and market fundamentals could still shift
An M&A lifeline in the North Sea
15 March 2017
Assets that cut tax bills could be a blessing for UKCS operators looking for a bargain
Depth, breadth and data
15 March 2017
Fresh from the merger with Baker Hughes, GE Oil & Gas boss tells Petroleum Economist about his firm's plans for digital analysis, cost-cutting and recovery