Saudi Aramco Weighs IPO of Trading Unit Amid Oil Boom

Saudi oil giant working with Goldman, JPMorgan, Morgan Stanley
Aramco Trading business could be worth more than $30 billion

ADIPEC 2018 Annual Energy Conference — Photographer: Christopher Pike/Bloomberg

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By Julia Fioretti, Nicolas Parasie, Matthew Martin, and Dinesh Nair

May 17, 2022 at 12:02 PM UTC

Updated on

May 17, 2022 at 4:56 PM UTC

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Saudi Aramco is considering an initial public offering of its trading arm amid a boom in oil prices in what could be one of the world’s biggest listings this year, according to people with knowledge of the matter.