Saudi Aramco generated a net income of $111 billion last year. That's bigger than the latest full-year income of Amazon, Apple and Exxon combined, making it the most profitable company on earth.
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...
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