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April 10, 2019       Share:    

Source: https://www.google.com/search?q=Aramco+Emerges+Ahead+of+Apple+as+World%E2%80%99s+Most+Profitable+Company&rlz=1C1EJFA_enIL770IL770&oq=Aramco+Emerges+Ahead+of+Apple+as+World%E2%80%99s+Most+Profitable+Company&aqs=chrome..69i57j69i60.1086j0j7&sourceid=chrome&ie=UTF-8

Saudi Aramco Is World's Most Profitable Company

(Wall Street Journal) Rory Jones and Summer Said - Saudi Arabia's national oil company Aramco is the world's most profitable business. With $111 billion in net income in 2018, Saudi Aramco had bigger returns last year than Apple and Exxon Mobil combined. The financial information was disclosed on Monday in a prospectus for a planned bond sale. Saudi Crown Prince Mohammed bin Salman, the kingdom's day-to-day ruler, wants to raise tens of billions of dollars to build new futuristic cities, diversify the kingdom's oil-dependent economy and fund non-oil industries like technology, entertainment and mining.

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