What’s going on? BHP (the world’s most valuable mining company) is close to selling its oil and gas business. What does this mean? While BHP’s main business is extracting raw copper and iron ore, oil and gas business also represented 9% of its total revenue last year. However, that activity is still classified as “non-core”….
Tag: Aramco
Ep 75: Desperate Measures
What’s Going On Here? Oil firm Saudi Aramco came up short of the $2 trillion valuation it was aiming for in its forthcoming IPO, but it can still walk tall: the $1.7 trillion it now wants will still make it the world’s biggest public company. What Does This Mean? Aramco, which extracts and refines Saudi Arabia’s…
with HT 