Aramco Accounts Show Scale of Challenge Facing Crown Prince - Bloomberg:
"The first look at the financial guts of Saudi Aramco show a corporate cash gusher, pumping billions in profit every month and beating every other big name in global business. But they also illustrate the scale of the challenge Crown Prince Mohammed Bin Salman faces to achieve his twin desires -- a $2 trillion valuation in an initial public offering of the state-owned behemoth, plus a generous flow of cash into government coffers to fund a crowded policy agenda. The financial information reviewed by Bloomberg News revealed huge profits, a pristine balance sheet and world-beating production costs. The figures also show the Saudi Finance Ministry, rather than investors, as the main beneficiary from oil’s rise above $70 a barrel, and it would reap an even greater share of any gains above $100."
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