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

The world’s most profitable company extended declines on Monday.

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. 

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



Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel