{"id":581065,"date":"2023-06-01T12:12:35","date_gmt":"2023-06-01T06:42:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=581065"},"modified":"2023-06-01T12:12:35","modified_gmt":"2023-06-01T06:42:35","slug":"saudi-aramco-may-consider-selling-more-shares-low-liquidity-raises-concerns-over-oil-giants-2-trln-valuation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-may-consider-selling-more-shares-low-liquidity-raises-concerns-over-oil-giants-2-trln-valuation\/","title":{"rendered":"Saudi Aramco may consider selling more shares; low liquidity raises concerns over oil giant\u2019s $2 trln valuation"},"content":{"rendered":"<p>Oil giant Saudi Aramco shares a couple of traits with Apple Inc. and Microsoft Corp: a market capitalization measured in the trillions of dollars, and a stratospheric price-to-earnings ratio. Unlike those tech behemoths, though, Aramco\u2019s valuation relies more on smoke and mirrors than the market\u2019s collective wisdom. That matters because the Saudi government, which directly and indirectly still controls 98% of the company\u2019s equity after its 2019 initial public offering, is now mulling whether to sell more shares.<\/p>\n<p>Technically, there\u2019s nothing unreasonable about Aramco\u2019s valuation, currently sitting just above $2 trillion and making it the world\u2019s third-largest publicly traded company. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil giant Saudi Aramco shares a couple of traits with Apple Inc. and Microsoft Corp: a market capitalization measured in the trillions of dollars, and a stratospheric price-to-earnings ratio. Unlike those tech behemoths, though, Aramco\u2019s valuation relies more on smoke and mirrors than the market\u2019s collective wisdom. That matters because the Saudi government, which directly and indirectly still controls 98% of the company\u2019s equity after its 2019 initial public offering, is now mulling whether to sell more shares. Technically, there\u2019s nothing unreasonable about Aramco\u2019s valuation, currently sitting just above $2 trillion and making it the world\u2019s third-largest publicly traded company.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-581065","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=581065"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/581065\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=581065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=581065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=581065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}