01.04.2019, 20:19
The World's Largest Oil Company Saudi Aramco Earned a Record Profit in the World
Source: OREANDA - NEWS
OREANDA-NEWS. The world's largest oil company Saudi Aramco for the first time disclosed financial performance in anticipation of the placement of dollar bonds.
Last year, the company's net profit amounted to $ 111 billion, with total revenues of $ 355.9 billion, and EBITDA - $ 223.8 billion.
Net profit of oil company Saudi Aramco surpasses the total profits of Apple, Alphabet (parent company of Google) and ExxonMobil.
At the moment, nearly half earned operating profit ($212,9 billion), Saudi Aramco pays in taxes to the state. For 2018, the company paid $101 billion.
Saudi Aramco's revenue in 2018 increased by 35% after rising oil prices, the prospectus says. The company received 56.4% of the revenue from the sale of oil, the rest from gas chemistry and oil refining. Cumulatively, the extraction and development of oil and gas projects brought the company 61% of revenue, and refining 61%.
Saudi Aramco's revenue in 2018 increased by 35% after rising oil prices, the prospectus says. The company received 56.4% of the revenue from the sale of oil, the rest from gas chemistry and oil refining. Cumulatively, the extraction and development of oil and gas projects brought the company 61% of revenue, and refining 61%.
From 2003 to 2018, Saudi Aramco significantly increased gas production - from 92.7 billion cubic meters. m per year to 155.03 billion cubic meters. m, according to the prospectus. This is a third of the production of Gazprom. The company will continue to increase gas production in the next few years to meet growing demand in the region, the prospectus said.
Last year, the company's net profit amounted to $ 111 billion, with total revenues of $ 355.9 billion, and EBITDA - $ 223.8 billion.
Net profit of oil company Saudi Aramco surpasses the total profits of Apple, Alphabet (parent company of Google) and ExxonMobil.
At the moment, nearly half earned operating profit ($212,9 billion), Saudi Aramco pays in taxes to the state. For 2018, the company paid $101 billion.
Saudi Aramco's revenue in 2018 increased by 35% after rising oil prices, the prospectus says. The company received 56.4% of the revenue from the sale of oil, the rest from gas chemistry and oil refining. Cumulatively, the extraction and development of oil and gas projects brought the company 61% of revenue, and refining 61%.
Saudi Aramco's revenue in 2018 increased by 35% after rising oil prices, the prospectus says. The company received 56.4% of the revenue from the sale of oil, the rest from gas chemistry and oil refining. Cumulatively, the extraction and development of oil and gas projects brought the company 61% of revenue, and refining 61%.
From 2003 to 2018, Saudi Aramco significantly increased gas production - from 92.7 billion cubic meters. m per year to 155.03 billion cubic meters. m, according to the prospectus. This is a third of the production of Gazprom. The company will continue to increase gas production in the next few years to meet growing demand in the region, the prospectus said.
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