Terrorism, climate change and dependence on Asia — Saudi Aramco faces these risks as it prepares IPO

The world's largest oil company detailed the vast number of risks its business faces.

While Saudi Aramco is reportedly the most profitable company in the world, its oil and gas network is exposed to a wide variety of risks.But there are several specific threats Aramco sees, ranging from "the impact of climate change" to terrorism attacks to demand from Asia.

. But, while Aramco is reportedly the most profitable company in the world, its oil and gas network is exposed to a wide variety of risks. Aramco faces a few obvious risks – such as the supply, demand and price of crude oil or how much oil the Saudi government decides to produce, as the country is a member of the oil cartel OPEC ., which forced Riyadh to cut production by 50%. It took weeks for the Saudi government to restore capacity.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Western banks funding Saudi Aramco IPO betraying climate change promises, environmentalists warn'The idea of a people, investors and banks buying into a company like Saudi Aramco just flies in the face of everything we need to do to stop climate breakdown,' Rachel Kennerley of Friends of the Earth told Newsweek.
Read more »

Saudi Aramco prospectus flags risks, gives few details on IPO sizeSaudi state oil giant Aramco will sell 0.5% of its shares to individual retail i...
Read more »

Saudi Aramco prospectus flags risks, gives few details on IPO sizeSaudi state oil giant Aramco will sell 0.5% of its shares to individual retail i...
Read more »

Factbox: IPO prospectus lays out main risks to Aramco's operationsSaudi state oil giant Aramco unveiled the prospectus for its initial public offe...
Read more »

Factbox: IPO prospectus lays out main risks to Aramco's operationsSaudi state oil giant Aramco unveiled the prospectus for its initial public offe...
Read more »

IPO prospectus lays out main risks to Aramco's operationsSaudi state oil giant Aramco unveiled the prospectus for its initial public offe...
Read more »