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

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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.

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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