Saudi Aramco Hires Evercore to Advise on Gas Unit Restructuring

Key Facts

1Saudi Aramco has hired Evercore to advise on plans to create a standalone gas division.

2The restructuring could pave the way for a potential future listing of the gas unit.

Saudi Aramco has hired Evercore to advise on plans to create a standalone gas division. Reuters reported the appointment as part of the company's strategy to optimize its gas assets, while Bloomberg News noted that the restructuring could pave the way for a potential future listing of the gas unit.

The development comes as Evercore (EVR) shares closed at $262.91 on September 25, 2026. This strategic move is aimed at unlocking value from gas operations, with the appointment of a specific advisor signaling concrete progress toward potential listing plans previously rumored in the market.