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Posts published by “Laine Buresh”

Profits fall sharply at Saudi Aramco, the world’s biggest oil firm

In its first six months as a public company it has shown unrivalled strength—and unusual weaknessIN DECEMBER, WHEN Saudi Aramco listed 1.5% of its shares on the Riyadh stock exchange, it became the world’s most valuable listed company, with a market capitalisation of $1.9trn or so. The state-backed oil behemoth’s bosses assured investors that low…