Aramco could be world’s most profitable firm

Riyadh - Mubasher: Saudi Aramco could be the most profitable company in the world, according to the data of Bloomberg.

Aramco, the largest oil company in the world, had net income of $33.8 billion in the first six months of 2017 and cash flows of $52.1 billion.

The company has reportedly called these estimations and speculations inaccurate, as cited by Reuters.

It is worth noting that Aramco is expected to launch its long-awaited initial public offering (IPO) next year.

Mubasher Contribution Time: 13-Apr-2018 20:59 (GMT)
Mubasher Last Update Time: 13-Apr-2018 20:59 (GMT)