New York Saudi Aramco, divulging its finances for the first time, revealed that it is the world's most profitable company.
The Saudi oil company made $111 billion last year, according to a note from Moody's. The rating agency based that on a prospectus for a massive bond offering Aramco expects to use to help finance the purchase 70% of Saudi Basic Industries Corporation. Aramco hopes to buy that stake in the state-owned petrochemical company for $69.1 billion. It is the first public disclosure of earnings by Aramco in the decades it has been owned by the Saudi government.
That's a good earn for the state
Hooly *** that is incredibly hugley insainley money, I wonder who hold to that huge money because that is insaine!!
And MSB murders his own.
Bam
Oh yeah? Did you also know bears shit in the woods?
😖😖😖😖😖😖😖😖😖
Do they butcher their employees when they leave or criticize the company?
GOOD, now is the time for The Muslim Church to show U.S. how they can take care of their people AT HOME.
Soak that in America.
And Kushner got 50 million that's not enough
I hope they put it in some long term investments or pray the price of sand goes through the roof. In the timeline of wprld history this will show as a tiny era of wealth before being plunged back into into oblivion
From the country that produced most of the 9/11 hijackers and radicalized Afganistain well before.
Some of these profits are being used to murder journalists.
I cannot understand why North America is even purchasing oil overseas, when there is a trillion + barrels available right here In North America!
Most profitable? That’s wonderful. NOW...... what great things will you do with all that profit to make the world a better place? How will you pay it forward? Your “greatness” is front and center. How will you impress us with your humanity? How will history rate you?
Awaiting their IPO.....$KSA
Yep !!
Disgusting 🤮
Time to start putting the brakes on them from here and to get solar, wind and water power going. Niagara Falls and other water sources can be used with the sun and wind to make plenty if energy to power cars here. It works great in Norway, Holland and other nations.
I love I. Pa and gas is 275 a gallon so rediculas and they are profiting that much. What a joke
They should throw it all on 21 red
Is there any proof or are we just supposed to believe them?
Reason number 3,456 to get a hybrid or electric car.
You can easily see what we are missing out on by having private ownership of our natural resources. Our oil companies make huge profits, pay few taxes and are subsidized by the Govt. The profits go to the 1% while millions live below the poverty line.
desperately revealing.... according to them?
CELEBRATE TRANSDAY
Yet there are wars and poverty... Money is the root of all evil.
The great Saudi Aramco ❤️
'A hundred years ago, you guys were savages cutting each other's heads off. My company's position is that in another hundred years, you'll be doing the exact same thing.' -- American energy analyst to Arab oil shiek in 'Syriana' (2005)
Still zero culture though.
If you say so...
What percentage of it went to arming terrorist militia in the Middle East, buying chainsaws for their embassies/consulates and establishing radical wahabi mosques and schools all over the world?
This is the Great Saudi Arabia
With that kind of money it's easy to buy a POTUS....
This isn’t good 🤦♂️
East Africa learn from this company to improve its earnings with a lot of natural resources
As private citizen, realDonaldTrump used a tabloid magazine Enquirer to go after his opponents; Now he’s using Saudi Arabia to go after his perceived enemies like Bezos;No wonder they’re being rewarded with our Nuclear Technology..Vote 20/20,save America.
I made $112 billion myself, so suck it Saudi Aramco
....and will kill to keep it that way.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: Forbes - 🏆 394. / 53 Read more »