Wednesday, July 8, 2026

Aramco’s Accounts Show $2 Trillion Valuation Remains a Challenge

From Bloomberg Saudi Aramco may be the world’s most profitable company, but that likely still won’t be enough to persuade investors the energy behemoth is worth $2 trillion. New financial details, disclosed today by Moody’s Investors Service, show a company that paid $58.2 billion in dividends to the Saudi government last year. Working back from that, the valuation would be closer to

Michigan Governor, AG Ignite a Pipeline Storm - Oil & Gas 360

Michigan Governor, AG Ignite a Pipeline Storm

Michigan Governor orders state’s departments, agencies to halt action on tunnel for Enbridge Line 5 after AG declares Mackinac Straits Corridor Authority law unconstitutional  The executive branch of Michigan’s government and Enbridge’s plan to put Line 5 into a tunnel under the Straits of Mackinac have hit a suprise snag. After reviewing the opinion issued by Attorney General Nessel late

OPEC prepares for its 171st meeting to decide on production cuts

Saudi Aramco Gets 5th-Highest Investment Rating; Starts Roadshow

From Bloomberg Saudi Aramco obtained the fifth-highest investment grade rating at both Moody’s Investors Service and Fitch Ratings as the world’s largest oil producer prepares for its debut dollar bond offering. Moody’s rated the oil giant at A1, while Fitch assigned it A+, both with stable outlook. The state-owned company has the same rating as the sovereign from both Moody’s and