Aramco buys Valvoline

[pip bip]

Saudi Arabia aramco buys valvoline for $2.65 billion dollars according to ashphalt and rubber

[ranwhenparked]

@pip-bip AKA, the oil company that makes Exxon Mobil look like a tiny mom and pop ($2.3 trillion market cap, vs a mere $369 billion)

[Nicky Chagrin Janitor of SHIELD]

@pip-bip Aramco is buying the Valvoline petroleum products business, which appears to be one of their current business strategies. The Valvoline retail service center business (which may be US-only or North America only?) will remain and use the purchase money to expand.

[ForSweden]

Insha'Allah

[tophercrowder]

@Nicky-Chagrin-Janitor-of-SHIELD seems smart for valvoline. Kind of when IBM sold its computer making division to lenovo

[Nicky Chagrin Janitor of SHIELD]

@tophercrowder I had the thought that Aramco might have specifically not wanted that side of the business and paid them to go away.

[gmporschenut also a fan of hondas]

@pip-bip well that's one brand to scratch off to makes oil selection easier.