Soudi Aramco became the World’s Most Profitable Company, Beating Apple

Saudi Aramco has earned $ 111.1 billion in 2018 and the company has left behind tech giant Apple in this case.
Soudi Aramco became the World’s Most Profitable Company, Beating Apple

Saudi Arabia's oil field company Saudi Aramco has become the world's highest grossing company. This company has long been keeping its earnings secret. But now the company has said that the company last year earned $ 111.1 billion. Seeing this figure, this company has so far become the highest earning company in the world, beating Apple and any other company so far.

If we talk about the world's top company Apple, last year it earned $ 59.5 billion, this means that Saudi Aramco has earned almost double of its revenue from Apple last year. Overall, Aramco has surpassed Apple in terms of earnings.

According to a Bloomberg report, if you talk about the profits of the world's largest companies, the highest net income in 2018 was of Saudi Aramco. If we sum up the profit of Apple, Samsung, Alphabet, JPMorgan Chase, Shell and ExxonMobil of the year 2018, even then also, it is less than the profit of Aramco.

After receiving information about Aramco's earnings, experts believe that the value of this company can be 1.5 trillion, that means, above than Apple and Amazon.

On Monday, Saudi Aramco has released its profit figure for the first time and this has never happened in 40 years. If we talk about other oil companies, like, Royal Dutch Shell and ExxonMobil, then, Saudi Aramco has even left these companies far behind in terms of earnings.

The world's largest oil field is in Ghawar, Saudi Arabia and according to Aramco, 3.8 million barrels are pumped from here every day.

Significantly, Crown Prince of Saudi Arabia, Muhammad bin Salman, wants to give a different direction to Saudi Arabia's economy, and perhaps this is the reason that he has started making big investments in the world's biggest technology companies. Crown Prince invested in companies like Uber and Tesla.

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