Saudi Arabian oli company or the so-called Saudi Aramco is one of the most important oil companies in the world, it has a production that exceeds 10 million barrels per day.
It has changed many names during its birth but in the 40's it took this name which is all now. But let's see when its story began, it was born in 1933 between an agreement with the Standard Oil of California and the Saudi government, which gives permission to do oil extraction.
They began with drilling only in 1935 without much success, finally in 1937 the oil began to gush and from there his reign began to expand in oil spots.
Fast forward with time and reaching more modern times we can say that Aramco is the most profitable company in the world with over 33 billion dollars registered from January to June 2017.
Aramco shares today
In 2019 he makes his debut in the world of bura, and we can say that he made a debut with all the trimmings. To date Aramco is based in Dhahran a city east of Saudi Arabia, which belongs to this huge company, the company is almost 90% owned by the Saudi state, the company's report is estimated at 2 trillion dollars.
It has 60000 employees working for the company and has an annual turnover of 110 billion dollars, these are all estimates as the company has never proved its reports, a turning point came a few years ago when they decided to join the IPO, finally Aramco has released its accounting reports, assuming that in 2028 they will increase their capital by 45% thus reaching a turnover of 355 billion dollars. Speaking of all these earnings of the company, didn't I make you want to join?
How to buy Aramco shares
"How can you start investing in this leading company in the oil sector?". This is certainly the question that is going through your head right now, I also add one more thing by telling you that millions of users around the world are already reaping the benefits of their choices. Now let's see how to start this path. Basically it is very simple to buy shares there is the purchase in the bank or through online brokers, let's see them in more detail:
The banks have always been seen, under the eyes of all the way, the safest method to make this type of choices as being able to talk face to face with a banking consultant can inspire us more security from this point of view, but the factor that we do not evaluate is that very often even going to the same bank, that person will never know us enough to be able to direct us towards the best choice for us or maybe he won't have enough time to be there and talk to us.
This might be the best choice for those who don't trust much of the online systems out there right now. But be careful talking to a consultant will also have a commission cost and let's face it we are not talking about a few coins, so you have to calculate the pros and cons well;
Let's now explore the theme of brokers online, in other words, intermediary platforms that give the opportunity to manage the trading of listed companies and deal with online investments. The convenience of these platforms is that there is no need to leave the house to get advice on whether it is the right choice, just ask the millions of users if it is a good time to buy that type of stock or not. One of the best without a doubt right now is eToro.
Who is eToro
eToro is a world leader company was founded in 2007 in Israel and from the early years it affirms itself as the best as it makes online trading simple and understandable for everyone. Many times moving in this world full of charts and following the stock market step by step could be difficult, but not when you have eToro available, the purpose of this company is to make online trading accessible to anyone thanks to the simplification of all operations. , simple and clear graphics and an intuitive interface.
As a result, they make it possible to invest in the Aramco stock market from the comfort of your seat at home. eToro is regulated by the FCA and CySec and in this field has no rivals both from the point of view of privacy and from the point of view of security. For those who want to start this experience in the world of buying and selling, eToro offers the opportunity to have the option of responsible trading, that is a function that will help you manage the movements of your account in a calculated way.
Furthermore, if you are new to this field, it gives you the opportunity to follow, ask for information and copy the most experienced traders following their improvements in real time. Thanks to these choices, the platform has reached today with over 10 million active accounts in 140 countries around the world.
The advantages of using eToro
Are you wondering why to choose eToro instead of another online trading company?
Now I show you some reasons why many users decide to use this online trading platform making it the most used in this sector:
- La safety certainly it was an aspect in which they wanted to invest a lot, as it is equipped with world-famous security protocols.
- Il Social Trading, that is, you will have the opportunity to use this application as any social network, only in this case you will be able to interact with the most experienced traders, who will be able to answer all your doubts or questions.
- Economica as you can start your experience with a deposit of only € 200 and it has no commissions compared to other platforms.
- Easy in its use as it uses a clear and intuitive interface and is the only platform to use simple and clear graphics for everyone.
Purchase Aramco shares on eToro
After having painted this picture, let's see how to buy Aramco shares on eToro step by step:
Create an account
First of all, we double create an account on the platform. On the page get started there will be the writing Sign up now, once clicked, a screen will open where it will be possible to enter all personal data. Subsequently, precisely because of all these security methods, there will be 30 days to send a valid document to confirm your identity.
To start trading, you will need to make a deposit into your account by logging into your private area. Decide the amount with which you want to start and pay it by making a payment or by credit card (but prepaid ones can also be fine), PayPal or bank transfer, in any case the minimum amount is 200 €.
Put simply it is a free trading trial, in which you can begin to understand how to move and how to manage your account. Very convenient for those with no experience especially to avoid losing real money.
This is where we arrived at the real world of buying and selling financial shares, just one click to enter the amount and you can start investing your money.
How to view Aramco stock chart and invest on eToro
To start buying shares once you enter the personal area of eToro, you will look for the name of a company of your choice and I would recommend Aramco in this case.
And from there you will open their online trading page with lots of graphs updated in real time, you will be able to see how the shares have gone in the previous months and how they are going at that precise moment when the shares page opens, so you can decide whether to start investing or not.
The nice thing about the eToro platform is that it allows you to set a stop loss which serves to limit the losses of shares and the take profit which is nothing more than an order sent to the market when you reach the pre-set threshold to close positively.
How to create an account with Libertex
In addition to eToro, you can also check out Libertex. a broker that is regulated and used by millions of people around the world. Its easy-to-use platform is particularly popular with beginners, but with so many trading tools at your disposal, you won't regret using it even if you're a professional.
You can start using Libertex by following these 3 simple steps:
- Access the official Libertex page and open a free account by registering via the online registration form.
- To trade you will need to have funds available in your account and to fund the account, simply use a credit card or bank transfer.
- Now all you have to do is trade and accumulate profits, but remember that to withdraw them you will need to verify your identity within 30 days of signing up.
Libertex offers you the opportunity to monitor your trades even while on the move, thanks to a website perfectly optimized for Android and iOS devices. So you won't have to download any applications to update regularly and you won't have to take up space on your tablet or mobile.
Aramco stock forecast and what is the cost of the stock
Aramco years ago when he wanted to enter the IPO, he made his books public, and even the company itself said that in 2028 they expect decisive growth as a result we can only predict that this company will be one of the most publicly traded.
If we think that in 2019 when he made his entrance reaching the value of 1900 billion in a single day, selling the shares at a price of 9,35 dollars. Today the shares of Aramco are sold at 32,10 and we must also calculate that the world in this phase of lockdown has had limitations and these have reached the oil market, fortunately now that the world is exiting this phase the market is starting to move again and this is a point in favor of Aramco. However, we are talking about a company that has a turnover of 110 billion dollars.
Buy shares Aramco opinions
The opinions read on the web are many, many recommend it while others advise against it.The reason is that you must always keep an eye on the value of oil and the state bonds of Saudi Arabia, but users who manage to control these two solutions will be able to without problems profit from it.
In fact, the negative comments are those of those who cannot keep these factors under control. For this reason, before we talked about the eToro platform which, without great effort, can perform these calculations and variations, suggesting you when to buy and when not, thanks to the stop loss.
Of course the step they took to become part of the IPO was certainly a risky move, but the predictions don't lie are in their favor so why not try now that maybe with a small investment you don't end up with a capital three le. hands?
And here we are at the end of this guide. We have to admit that Aramco is the most important and powerful oil company in the world.
The oil market has always been the flagship for those who intend to invest, it is not possible to deny that it is a constantly expanding market, this makes it very attractive and profitable.
So what else are you waiting for to dive into this equity world? With eToro you will not even have to think about it too much, as we said previously it manages to follow you step by step in all phases of the purchase and sale of financial shares so with a click you will enter online trading without any effort.