Aramco’s 14% stock decline saps market value, stresses investors
The disappointing share performance in Riyadh led Morningstar to give a 'hold' recommendation for the world's biggest oil company
FAYEZ NURELDINE/AFP via Getty Images
Aramco gas station on the outskirts of the Saudi capital
Investors are expressing concern about Aramco’s sliding stock, which has sapped value from the world’s biggest oil producer as shares of competing companies rise.
Saudi Arabia-owned Aramco’s 14% decline has cut more than $133 billion this year from...