Aramco’s production cuts have caused a decline in the company’s stock over the past few months, while other major oil companies have enjoyed stock price rises. Over the longer term, however, Aramco will be “the last one standing” in oil. Bloomberg recently reported on the Saudi state company’s stock performance, noting shares in Aramco had shed 17% since the start of the year while Exxon, for instance, had added 17%, and Shell had seen its stock rise by 4.6%. The report noted, however, that Aramco is a very different…
