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FinancialNews


  • 30-10-19

    Saudi Aramco registers profit of USD68bn in first nine months of 2019

    (MENAFN) According to people familiar with the figures, Saudi Aramco made USD68 billion in the first nine months of the year, earning its position as the world"s most profitable oil company.

    The unaudited net figure was given to financial analysts working on the company"s initial public offering, the people said, asking not to be identified because the information isn"t public. Aramco has not released comparative numbers for last year and its media office declined to comment.

    Aramco"s nine-month profit is a multiple of the annual earnings of Exxon Mobil Corp, the biggest publicly listed oil firm. The Saudi company earned USD111 billion last year, making it the most gainful business on the planet.

    MENAFN3010201900450000ID1099197138

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