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Saudi's Aramco stuns critics by achieving $2 trillion valuation

Shortpedia

Content Team
Image Credit: Shortpedia

Saudi Aramco's shares surged swiftly on the second day of trading, taking its valuation to $2 trillion. Bernstein analysts initiated Aramco with an "underperform" rating and estimated its value at around $1.36 trillion. "Saudi Aramco is the largest, most profitable oil company in the world - but size is not everything," they wrote. But, Saudi Prince's plan to diversify the Kingdom's economy has paid off well.