Saudi Aramco is world’s most profitable company, beating Apple by far

📆 2/04/2019 1:05 PM
📰 BusinessTimes

⏱ Reading Time:
11 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

[NEW YORK] The earnings of Saudi Aramco, Saudi Arabia's giant oil company, have long been a mystery because the company is owned by a government that has kept the information under wraps. But on Monday, Aramco opened its books, revealing that the company generated US$111.1 billion last year, making it probably the world's most profitable company by far. Read more at The Business Times.

The earnings of Saudi Aramco, Saudi Arabia's giant oil company, have long been a mystery because the company is owned by a government that has kept the information under wraps.[NEW YORK] The earnings of Saudi Aramco, Saudi Arabia's giant oil company, have long been a mystery because the company is owned by a government that has kept the information under wraps. But on Monday, Aramco opened its books, revealing that the company generated US$111.

Saudi Aramco issued the financial data because it is preparing to borrow up to US$15 billion in bonds in what could be a more aggressive approach to capital-raising for the company and for Saudi Arabia.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Aramco building global gas business to cut carbon footprintSaudi Aramco, the world's biggest oil producer, was building an international gas business and converting more crude oil into chemicals in a bid ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »