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

📆 2019/04/02 13:05:00

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[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.

📆 2019/04/02 13:05:00
📰 BusinessTimes

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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.

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