Saudi Aramco is in a class of its own — the most valuable and profitable company in the world. It’s also alone among Big Oil in keeping media out of annual general meetings.
Late on Monday, the Saudi state producer holds its first AGM since a record initial public offering in December. Investors can vote to approve 2019 results and appoint an auditor. Journalists haven’t been invited.
The next morning Aramco will release first-quarter earnings, though there won’t be a conference call or management presentation for analysts or the press.
While the coronavirus pandemic has forced companies to rethink public gatherings and pushed meetings online, Aramco’s rivals such as Exxon Mobil Corp.
