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  • 15-05-22

    Aramco revenue approximations at USD38B, seeks first place as most valued company

    (MENAFN) Saudi Aramco, the world’s biggest oil manufacturer, is going to declare its three-monthly economic outcomes today within anticipations by specialists that incomes is going to surge.

    The firm’s average net profit estimate, based on 12 experts' outlooks, stands at USD38 billion, versus USD31 billion in the October-December period and USD21 billion in the January-March period of last year.

    Aramco has lately been in a competition with Apple company for the world’s most valued firm for the first time in two years, with the tech main being stressed by growing inflation.

    Robust oil costs drove the crude giant to claim the top spot internationally in terms of market cap as its stocks hit peak levels on May 11 to profit an estimate of USD2.43 trillion.

    MENAFN15052022000045014228ID1104214467

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