How much value have Saudi Aramco shares lost in two days?

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Saudi Aramco Shares Lose US$270 Billion in Two Days

In the past two days, Saudi Aramco's market capitalisation has decreased by approximately US$270 billion. The company's current capitalisation stands at US$1.49 trillion.
Significant Capital Value Reduction

The energy giant Saudi Aramco experienced a substantial decline in its market value over a two-day period. This significant reduction follows a broader market downturn impacting energy-rich Gulf states due to crashing oil prices.
Context of Oil Price War

This sharp fall in Saudi Aramco's value is directly linked to a price war initiated by crude oil producers after failing to reach an output agreement. This situation intensified when Russia refused to agree to deeper production cuts aimed at countering the impact of the coronavirus.
Broader Market Impact

The Saudi Tadawul bourse, where Saudi Aramco is listed, saw a significant slide of 6.1 per cent at mid-session, after initially falling by 9.4 per cent at the start. This performance mirrors the general trend across Gulf markets, with all seven seeing losses for the second consecutive day.

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How much value have Saudi Aramco shares lost in two days?

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