Aramco’s Accounts Show $2T Valuation Is a Challenge

The transcript discusses Saudi Aramco's daily oil losses and its valuation challenges. Despite significant dividends paid to the Saudi government, Aramco's valuation remains below the $2 trillion target set by Mohammed bin Salman. The government has options to adjust tax regimes to improve investor returns, but this could impact its own revenue, especially given Saudi Arabia's financial deficit. The transcript also covers Aramco's IPO prospects and strategic moves like the SABIC acquisition to diversify and increase its valuation, though reaching the $2 trillion mark remains a challenge.

What is the 'magic number' that Mohammed bin Salman believes Aramco should be worth?

What is the significance of the SABIC acquisition for Aramco?