A Tale of Two Oil Companies: Aramco & Chevron

The transcript discusses Saudi Aramco's $2 trillion valuation, highlighting market reactions and the challenges of local versus international investment. It also covers Chevron's $11 billion write down due to natural gas assets and the difficulties faced by US gas producers. Additionally, it examines Exxon's strategy in handling write downs and the challenges in the gas market, including pipeline delays and the impact on prices.

What was the initial market reaction to the company's $2 trillion valuation?

• The stock price decreased by 5% on the second day

• The stock price increased by 10% on the first day

• The stock price decreased by 10%

• The stock price remained stable

What was one of the main goals of Saudi Arabia's local listing of its oil company?

• To focus solely on international investors

• To reduce local investments

• To diversify the economy away from oil

• To increase oil production

What financial challenge did Chevron face related to its natural gas assets?

• A $2 billion investment

• A $5 billion profit

• A $15 billion acquisition

• An $11 billion write-down

How did the abundance of natural gas in the Permian affect the market?

• It decreased gas prices

• It stabilized gas prices

• It had no effect on gas prices

• It increased gas prices

What was a significant issue for independent gas producers in the US?

• High gas prices

• Difficulty in building pipelines

• Strong balance sheets

• Lack of oil reserves