Offshore

Aramco unveils financial secrets of world's most profitable firm

Saudi Aramco is the world's most profitable firm, shows the first official glimpse of the company's financial accounts. However, the oil company's earnings per barrel do not match that of some of its major competitors.
Photo: Hasan Jamali/AP/Polfoto/Arkiv
Photo: Hasan Jamali/AP/Polfoto/Arkiv
Javier Blas, Matthew Martin & Archana Narayanan, Bloomberg Business

The first official glimpse of Saudi Aramco's financial performance confirms the state-run oil giant can generate profit like no other company on Earth: net income last year was USD 111.1 billion, easily outstripping US behemoths including Apple Inc. and Exxon Mobil Corp.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs