Saudi Aramco hires Evercore to advise on gas division restructuring
Summary
Saudi Aramco has engaged Evercore for advice on a major restructuring that aims to establish a standalone gas division, potentially paving the way for a future listing of the unit. This move is part of Saudi Aramco's strategy to transition from two primary business segments to three, with a dedicated focus on gas activities and leadership. The creation of the gas division aligns with Aramco's efforts to enhance its domestic natural gas resources and expand its international liquefied natural gas portfolio, as the company seeks to diversify its economy and explore various funding avenues, including minority listings of business units.
Analysis
Evercore: Evercore is a global independent investment bank specializing in advisory services for mergers, acquisitions, restructurings, and capital markets transactions. It provides strategic guidance to major corporations and governments on complex financial matters. Here, Evercore has been engaged by Saudi Aramco to support planning for the creation of a standalone gas business unit and potential future monetization options. Saudi Aramco: Saudi Aramco is Saudi Arabia's state-owned national oil company and one of the world's largest energy producers. It focuses on the exploration, production, refining, and marketing of oil and gas resources. In this news, the company has retained Evercore to advise on restructuring its operations by establishing a dedicated gas division alongside its existing upstream and downstream segments. LNG Expansion: The planned gas division supports Aramco's efforts to develop domestic natural gas resources and build an international liquefied natural gas portfolio. Capital Strategy: The company is evaluating multiple avenues to raise funds, including potential minority listings of business units and lease arrangements, amid broader economic diversification goals. Business Reorganization: Saudi Aramco is moving from two primary business segments to three, with each unit featuring dedicated leadership to sharpen focus on gas activities.
Categories
macropolitics
Related sources
- https://www.reuters.com/jp/world/Q35LRJVOFNLHXAT7MIUGGRPSHE-2026-09-24/
- https://www.alarabiya.net/aswaq/oil-and-gas/2026/09/23/%D8%B1%D9%88%D9%8A%D8%AA%D8%B1%D8%B2-%D8%A7%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D8%A7%D9%86%D8%B4%D8%A7%D8%A1-%D8%B0%D8%B1%D8%A7%D8%B9-%D9%84%D9%84%D8%BA%D8%A7%D8%B2-%D9%85%D8%B9-%D8%AE%D8%B7%D8%B7-%D9%85%D8%AD%D8%AA%D9%85%D9%84%D8%A9-%D9%84%D9%84%D8%A7%D8%AF%D8%B1%D8%A7%D8%AC
- https://www.reuters.com/ar/business/JPNTSYUZ4VLRFKOF7UIP74YNSE-2026-09-22/
- https://www.eyeofriyadh.com/news/details/aramco-plans-new-gas-unit-potential-listing
- https://www.zawya.com/ar/%D8%A7%D9%84%D8%A7%D9%94%D8%B9%D9%85%D8%A7%D9%84/%D8%B7%D8%A7%D9%82%D8%A9/%D8%A7%D9%94%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A7%D9%95%D8%B9%D8%A7%D8%AF%D8%A9-%D9%87%D9%8A%D9%83%D9%84%D8%A9-%D8%AA%D8%B4%D9%85%D9%84-%D8%A7%D9%95%D9%86%D8%B4%D8%A7%D8%A1-%D9%82%D8%B3%D9%85-%D8%AC%D8%AF%D9%8A%D8%AF-%D9%84%D9%84%D8%BA%D8%A7%D8%B2-%D9%88%D9%83%D8%A7%D9%84%D8%A9-1178242
- https://www.reuters.com/business/energy/saudi-aramco-plans-reorganisation-create-gas-division-sources-say-2026-09-22/
- https://www.gasworld.com/story/aramco-eyes-new-gas-division-and-lng-push/2260378.article/
- https://newspicks.com/news/17558642/body/
- https://egyptoil-gas.com/news/saudi-aramco-plans-gas-division-as-it-weighs-future-asset-listings/