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Saudi Aramco risks before IPO, including ‘impact of climate change’


Aramco employees are seen at Natural Gas Liquids (NGL) facility in Saudi Aramco’s Shaybah oilfield, Saudi Arabia.

Ahmed Jadallah | Reuters

As Saudi Aramco prepares for its long-awaited initial public offering this year, the world’s largest oil company has detailed the vast number of risks its business faces in its prospectus released over the weekend.

Owned and operated by the kingdom of Saudi Arabia, the oil giant’s IPO is expected to be the largest in history. 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.

“The following risks, which are identified as material, do not necessarily comprise all the…


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