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Saudi Aramco faces tough test less than a month after $25-billion IPO

The world's most profitable company extended declines on Monday after dropping to its lowest closing price yet a day earlier.

Bloomberg 

A series of drone and missile attacks on oil facilities of Saudi Aramco in Abqaiq and Khurais on September 14 knocked out half of its daily oil production
The world’s most profitable company extended declines on Monday.

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Saudi Aramco’s status as an oil-producing behemoth located in one of the world’s most turbulent regions always marked it as likely to suffer bouts of volatility. But few could have expected the stock to face so stern a test less than a month after the company’s historic $25.6 billion initial offering.
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The world’s most profitable company extended declines on Monday after dropping to its lowest closing price yet a day earlier.

First Published: Tue, January 07 2020. 02:46 IST
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