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Investor Relations
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FinancialNews
02-04-19
Saudi Aramco hits USD224b in profits
(MENAFN) Fitch Ratings revealed Saudi Aramco to have generated USD224 billion in its income for last year.
"Its 2018 liquid production and total hydrocarbon production averaged 11.6 million and 13.6 million barrels of oil equivalent per day, respectively, well ahead of the upstream output of global and regional integrated producers," the credit rating agency confirmed.
Saudi Aramco, Fitch noted, witnessed its proven reserves register around 227 billion barrels while its total hydrocarbon reserves stood at 257 billion barrels of oil.
It comes one week after the Saudi oil giant acquired 70 percent of shares in Saudi Basic Industries Corp (SABIC).
MENAFN0204201900450000ID1098332244
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