DUBAI—Saudi Aramco made $111 billion in net income last year, according to rating agency Moody’s Investors Service, making the oil and gas firm the most profitable company in the world.
Moody’s and Fitch Ratings published snapshots of Aramco’s financials on Monday as they rated the oil firm ahead of a $10 billion Aramco bond sale expected for as soon as this week. Aramco plans to disclose financial statements for the first time via a bond prospectus, and use the issuance to help fund the acquisition of a stake in Saudi Arabia’s...
the giant 🇸🇦
God belss Saudi Arabia .
Well done ✌🏽🇸🇦
So what will happen now to SouqKSA, will they BoycottAmazonproducts 🙄🤔
نحن كافةالشعب السعودي نقول بلسان واحدكلناآل سعودمنذعهدأجدادناوآباءناإلى عهدناوعهدأبناءناوأحفادناومن بعدهم ولانقبل بغيرآل سعودحاكمالنا🇸🇦🇸🇦🇸🇦 حفظ الله الملك سلمان و ولي العهد محمد بن سلمان حفظ الله السعوديه وشعبها العظيم🇸🇦🇸🇦🇸🇦واحفظ الجيش الملكي السعودي ووزاره الداخليه والامن العام
Tentoads4truth And we wonder why climate change denial is a thing...
BashirAhmaad NNPCgroup you see your mate?
BashirAhmaad And what is Nigeria NNPC doing?
ManaMind_ الحمدلله اللهم ادمها نعمه واحفظها من الزوال، الله يحفظ سعوديتنا من كل شر
هنيئا لبلاد الحرمين
Well done guys...please do not deteriorate...improve even further...hope other companies are learning from you...thumbs up guys
We have a choice between profits and our planet
I am proud of my country God bless you His Majesty the King 🔥’🇸🇦’💪🏼
dwallacewells Also: 1 worldwide in global warming / climate change 🤢
🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦
Jawadoh_23 وش شعورك وأنت موظف في أكبر شركة على وجه الأرض ؟
Exactly the reason fossil fuels will remain the number one source of energy. Earth be damned
1. They are not paying any drilling rights to people of Arabia. No lease payments. They have a free supply of oil. Think if Apple could get all parts for iphone for free. 2. They employ an immigrant work force with low pay and no benefits.
Aramxo is not a company, it is a limited reserource, thus once it’s tapped out, there is nothing else to sell. Apple and other companies can create different things to sell under a brand forever as long as they are innovative , aramco can’t.
Considering that some of us are already experiencing the effects and others will suffer tremendously from global warming in the future, the fact that an oil company is the most profitable company in the world confirms we are 100% Fucked.
MazenMohammed50
Bullshit, they are using it to launder money. Mostly trump and kushners money that they are not supposed to be making while in office.
The great Aramco 💪💪
Oh wow isn’t that interesting! 👸🏼
Tentoads4truth
They be pumpin and pimpin that IPO.
JeremyChang_ Mad
Just imagine how much carbon emissions that $111 billion generated. When earth climate gets destroyed and it’s no longer habitable, what can that money buy? Pay space aliens for another planet in cash? Lol
deiter20
قل اعوذ برب الفلق 😅
WTH?
But there was no talent in it ... once this natural god gifted oil is finished 😵.... da whole lot is back to square one . Sauds knew that as well and rather selling it in huge quantity they should act wisely
LongLiveCapitalism Saudi_Aramco LongLiveFreeMarket supplyVSdemand
You can thank Congress for breaking Standard Oil.
Thank Jared Kushner. Wtr his name is.
🇸🇦🇸🇦🇸🇦❤️❤️❤️❤️ I love Saudi Arabia and I love Mecca and I love the Prophet Muhammad peace be upon him
Saudi Arabia ❤️
Gees a job. Wages got to be good for ex-pats
Good
Tanzeel_Akhtar And the way they are spending , Govt coffers are soon going to dry up. Signs of the inevitable coming in, University education was free in Saudi Arabia up until now.
حنا آخر من يعلم !!
Crazy sh*t! incoherent
Bassam38_ IsThereAnyMediaThatSupportRestartOpposition
Gee, ya think this might grant that nationalized corporation some influence and access?
kbatarfi
MBS 🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦👏👏👏👏👏👏👏👏
اللهم لك الحمد اللهم يديم الامن ولامان والحفظ المملكه من كل سوا وعز الاسلام والمسلمين وعاش الملك سلمان بن عبدالعزيز ال سعود 😘😘🌹🌹🇸🇦🇸🇦
Would love to work for Aramco! All my friends who work there love it, the benefits and most importantly the paycheque!!
Will be hard for them to complain about climate change making the middle East far less habitable over the coming decades.
Aramco first company... in the Middle East an integrated oil company wholly owned by the Kingdom of kSA .. is considered a profitable company par excellence... great company in Great 🇸🇦
How much did they make when oil was $110 a barrel ? It’s only $58 a barrel today.
Something doesn’t add up .... $100B in Net income ... so their EBIT must be higher and a few years ago they couldn’t support a $2T valuation ? Where is the kink?
عمل جيد
💚💚💚💚
Ramco Company means to us a lot of happy accomplishment 😍💚💚
NNPC, Nigeria’s answer to Saudi ARAMCO rakes in billions of dollars in annual losses year after year and Buhari is not bothered.
الحمدلله
وعلى نياتكم ترزقون 🇸🇦👍🏼
الحمد لله وحده 🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦🇸🇦
You can buy alot of bone saws with that money!
It's important to remember this income drives the Saudi economy, it doesn't exist just for Aramco
Government owned company. In other words Saudi family owned company, the same family that owns the entire country & everything in it including sand, trees, animals, people & of course oil. Absolute dictatorship like no other in the world they named the country after the family!
aliabotalal هذي ليست أرباح ولكنه دخل مبيعات. ما ادري على اي اساس حسبت ال وول ستريت هذه النتائج.
Well no wonder AB can't get oil to tide water...we r just peanuts & squashed by.....SA,US...🤔
US will start a war here to gain control of oil.
Wish I had shares.
Shut it down.
Good news 🌹🌹
Easy to say when you own all the royalty. It's like saying if Amazon got sold half of the company they made 400 billion. Plus, KSA is a whole country.
Look at all these oligarchs making upwards of 300MM a day! The poor and undereducated immigrants probably caused this, we need a wall.
OMG! Unbelievable and humongous, simply outstanding....
Revelation 18:3 For all nations have drunk of the wine of the wrath of her fornication, &the kings of the earth have committed fornication w/her,& the merchants of the earth are waxed rich through the abundance of her delicacies. REPENT serveCHRISTandYAH
Yet utilities like Oil, gas, water...belong to the people in Islam not private corporations. Such basic necessities are forbidden to be owned privately. Not that Saudi really care about such rules n only pick n mix whatever suits. Private corps hold world to ransom.
I remember a journalism professor holding up their in-house magazine and saying if you just wanted to earn money in his profession this was the job to get . In the 70’s!
🇸🇦❤️
A maybe lesser known fact is that they've been investing in US energy startups (think: alternative fuels, cleantech, etc) for years as it looks to continue its massive growth.
3bdmla
Dang that's a crazy number $$
Not for long
Don't forget the cleansing going on. In Yemen & Oman.
ClimateEmergency
These negative comments and stereotypes shows clearly how easily some are brainwashed by the media!
Alotaib661 Oh no anonymous Twitter experts are at it again !! 🤣🤣🤣
That oil money is unreal
Stop supporting Oil and it’s back to the sand.
Let's praise the cause of climate change, this is why Trump has been downplaying climate change...disgusting!
Great news,?! More money for exporting terrorism around the world,
johnjoechad Saudi Aramco is a country not a company
i hope theyre offsetting their carbon while theyre raking in all those profits!
We should transition away from fossils faster.
HypePO
Kris_Sacrebleu 🤯
Turns out I'm 1/1024th Saudi Prince...
Therein lies the reason America has her citizens stuck on fossil fuel consumption! Saudi Arabia is an AMERICAN COLONY! America gets a cut off every ounce of oil they pump. So...as long as Arabs remain under the control of the whites...all is well.
Too bad Venezuela is run by a bus driver.
Do they own all the oil in the world? Or is this an April Fool?
lopezobrador_ Pemex SHCP_mx _VicenteSerrano
Good time to go green!
The US legalized Cannabis Sativa for our national defense during World War II: The legalization of Cannabis Sativa will help to replace fossil fuels while cleaning the environment:
Until we run out of oil that is. Or full switch to eco/electric cars. I can imagine that company wielding so much wealth will be a massive stumbling block to any changes but here’s hoping 🤞🏻
Dancing with the.... 🐄🐄🐄🐄🐄🐄🐄
If we frame it as “Stop making America’s enemies rich!” do you think Republicans will finally stop pushing fossil fuels?
Lend me a billion 😊
you need to be this profitable to get away with butchering international journalists without consequences
Oil.....
Is this the same Aramco that Bush and Cheney were or are involved in? I remember this name coming up a lot around 9/11.
Paying off my student loans would be like buying fast food breakfast for them.
I bet they are raping their employees on hourly wages that’s busting their butts to make it possible while the CEO sets in his lavish office boss hogging it up. If that’s not the case where do I apply 🤣
insane🤯
Wonder why Trump and Jared won't cut ties with MBS? Think it has anything to do with Israel or Middle East peace? These 2 wanna bes just want a piece of that action.
Saudi Arabia = evil
Who’s the CEO does he join jeffbenzos and BillGates in the 100BillionDollarClub or does he surpass them 🤨
Thank god it's not an app.
good
Obscene. And because of all that $$, the world turns a blind eye to Saudi human rights abuses, funding Al Qaeda & bombing Yemen: even more obscene.
Prolly easier to do with no governmental regulations and no conscience. SaudiArabia Aramco
RealthingUlli 🇸🇦✌️
It's like tap water. Switch on and money flows.
❤️🇸🇦
(see my profile banner for comment)
And millions around the world work hard and live in poverty cos the prices of everything go up more than people earn. Profit before people
A) those numbers can’t be trusted and B) that’s what happens when an oppressive government has access to the cheapest source of the worlds most important commodity.
BBoason The world should be weary of data from closed societies headed by tyrants.....
Of course. They literally get to fix oil prices.
How much tax do they pay?
List of companies making electric cars: Tesla Mercedes BMW Nissan Toyota Kia Volvo Peugeot Jaguar etc. Soon, Saudi Armco will be in the ash heap of history.
This is just one reason why Trump likes MBS.
BBoason Some people clearly didn't come here to play.....
ValaAfshar April fools ...
This that real SAUDI big boys money
I build those!
and this is a company who directly finances killing homosexuals, stoning adulterers and torturing women who dare ask for equal rights.
God bless Saudi Arabia, A wonderful Kingdom that the world couldn’t do without
itsramiyabish arab money 💰
ATIKU wants to sell NNPC ,this company is owned by the govt. The difference is that Saudi refine their oil in their country and sell to others the refined as well as the crude product. Dangote refinery will remove a lot of burden from govt in mid 2020.
But yet they need $80 a barrel on oil to break even
Alhumduillah, this is a Nimah from Allah! 🙌
ValaAfshar That's because Amazon, Apple and Exxon have better tax accountants.. 😊
Mega numbers but can they be trusted? Doubtful.
Fan_of_XRP puts Cobra in perspective lol
Can we get in AramcoServices we worked on a proposal last year.
I’m sure the workers, have wonderful benefits, and some unbiased accounting was done
No one makes that kinda money unless its front for a money laundering cartel.
randywhorton God bless the kingdom ✌😎🇸🇦
Yeahhh might want to include little details like a lot of their revenue funds social programs over there which the 3 companies you listed spend quite a large amount of money not doing.
randywhorton Great news
Feels like this is a joke
Aramco ipo in 2021
I remember Dan Pena on JRE talking about this. Fuuuuuuuck!!!
And yet the KSA is still uncivilized in so many ways Plus aren't young people under 30 years old disproportionately unemployed in that country? But sure let's celebrate the rich getting richer😏
This is Saudi Arabia's version of NNPC!
And privately owned !
MuhammadIftak18
It’s a good reason to make Saudi Arabia a democratic country!
Pretty sad that science n greed made these fascist ultra religious anti-science morons rich.
But unfortunately, suffering and poverty still exist, in the midst of affluence.
That’s over $300M a DAY!
News and great posts like that move the market and crypto adoption. Great work, also if you care about instant news , try instacryptonews , great service they provide
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