SaudiAramco, officially the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company, it is the national oil company ofSaudi Arabia. As of 2024, it is the fourth-largest company in the world by revenue and is headquartered in Dhahran. InitialPublicOffering Date: December 5, 2019. Funds Raised: $25.6 billion. Sector: Energy.This figure subsequently grew to $29.4 billion as the business sold an additional 450 million shares, making it thelargestIPOinhistory and dethroning Alibaba from the top spot. SaudiAramco is thought to be worth about $1.2tn (£927bn). The firm said it has no current plans for a foreign share listing, saying long-discussed plans for a two-stage IPO including an offering on a foreign exchange had been put aside for now. Saudi Arabian Oil Company, or SaudiAramco, is a state-owned energy giant based in Dhahran, Saudi Arabia....In 2019, it made headlines by going public. The initialpublicoffering (IPO) raised more than $25 billion, then thelargestinhistory, valuing the company at $1.7 trillion. The kingdom has valued SaudiAramco at more than $2 trillion. Apple, the most valuable publicly traded company, has a market capitalization of about $585 billion. Of the five largestIPOsinhistory, only Visa has significantly outperformed the market, while SaudiAramco has actually lost value. SpaceX's targeted $2 trillion IPO valuation would match SaudiAramco's current market cap while generating less than 15% of Aramco's revenue. World’s ‘largestenergy shock’ may affect markets into 2027: Aramco.Aramco’s CEO Amin Nasser: As you know, the disruption to trade and shipping via the Strait of Hormuz has caused the biggest-ever energy supply shock inhistory. SaudiAramco, the world's largest oil and gas company, remains a dominant force in the globalenergy sector in 2025.Could SaudiAramco’s future strategies reshape the globalenergylandscape?
