“Aramco is “trading in its own universe” at 21 times expected 2021 earnings of roughly $80 billion. That compares with a 13 p/e for the western majors like ExxonMobil and Chevron, 6 for the Chinese majors, and 6 for Russia’s Rosneft.” 

–Oswald Clint, Bernstein Research, commenting on the continued appeal of Saudi Aramco for investors. [Forbes]