Aramco in Five Numbers: Highlights From Saudi Giant’s Accounts
For four decades the financial performance of Saudi Aramco has been one of the biggest secrets in global business. Now, with the company’s initial public offering looming, investors can get their first detailed insight into this cornerstone of the global economy.Asked to comment on the figures, the company said in a statement: “This is inaccurate, Saudi Aramco does not comment on speculation regarding its financial performance and fiscal regime.”
These are the highlights:
To understand the size of Aramco, consider one number. According to data reviewed by Bloomberg News, the Saudi state-owned giant reported net income of $33.8 billion in the first half of 2017.
Saudi Aramco surpasses some of the biggest names in global business