Just addressing the title a bit - Saudi Aramco isn't as valuable as is claimed. Back when the crown prince wanted to float it he wanted to get it on a real stoc

Just addressing the title a bit - Saudi Aramco isn't as valuable as is claimed. Back when the crown prince wanted to float it he wanted to get it on a real stock exchange and give up a real portion of it. However, this failed because they couldn't get the valuation they wanted and wouldn't give the transparency needed. As a result, it floated on the Saudi's own stock exchange, floated only 1.5%, and according to some reports signficant pressure was put on prominent people to buy shares. It was all very much a matter of marking your own homework. Aramco would absolutely not be trading at that level on the Nasdaq.