The starter’s gun has been fired on Aramco’s initial public offering, but problems that have dogged the oil giant over the past four years remain. Perhaps the most pressing: convincing international investors that the company is worth what it says it is. For some investors, the risks with Saudi Arabian Oil Co., as Aramco is known, were made clear by a recently disclosed 18% decline in net profit to $68 billion for the nine months ending in September from the same period a year ago. The figures raise questions about the resilience...

Source: Wall Street Journal November 05, 2019 14:21 UTC