Aramco’s bond prospectus lifts the tent on unrivalled metrics
By Richard Rostad, analyst, Oil & Gas 360

Saudi Aramco’s bond prospectus, released this week, provides a wealth of information on the largest oil company in the world.

Stretching nearly 470 pages, the prospectus illustrates everything from expected natural gas demand in the kingdom to the dangers of missiles falling on Aramco facilities. Some of the most interesting sections relate to the company’s financials and reserves.
Get a new calculator with extra digits before dissecting the numbers
When compared to U.S. E&P companies, or even supermajors, Aramco’s numbers are in a different league.

The company has some of the lowest-cost assets in the world and opera...

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