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Tuesday, 28 March 2017

Saudi Aramco’s Valuation Could Top $1 Trillion After Tax Cut - Bloomberg

Saudi Aramco’s Valuation Could Top $1 Trillion After Tax Cut - Bloomberg:

"Saudi Aramco could have a market value of more than $1 trillion, Sanford C. Bernstein & Co. estimates, after the government slashed the oil producer’s tax burden to attract investors ahead of what may be the world’s biggest initial public offering.

The tax cut will increase Aramco’s net income by 300 percent, putting its per-barrel income in a range similar to that of international oil companies including Exxon Mobil Corp., Bernstein analysts said in a report. A production-weighted valuation on a par with such companies could give Aramco, known officially as Saudi Arabian Oil Co., a market value of $1 trillion to $1.5 trillion, the analysts said. "



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