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  • Previous Rank
    -
  • Revenues ($M)
    $355,905.00
  • Revenue Percent Change
    35.3%
  • Profits ($M)
    $110,974.50
  • Profits Percent Change
    46.9%
  • Assets ($M)
    $358,872.90
  • Employees
    76,418

There’s still no business model to match extracting oil for less than $10 a barrel and selling it for $60. Saudi Arabia’s state-owned oil company generated a cool $111 billion in profit last year, nearly twice as much as Apple. Yield-hungry investors accordingly flocked to a $12 billion debut bond issue in April, after the desert kingdom shelved plans for an IPO. The money will finance an M&A program that includes buying SABIC, a sprawling domestic industrial conglomerate, along with minority stakes in a Texas liquified natural gas plant and refiners across Asia, the biggest destination for Saudi Aramco’s output in the future.

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Company Information

CEO
Amin H. Nasser
Sector
Energy
Industry
Mining, Crude-Oil Production
HQ Location
Dhahran, Saudi Arabia
Websitehttps://www.saudiaramco.com
Years on Global 500 List1
Employees76,418
Figures prepared in accordance with International Accounting Standards., Government owned 50% or more.

Saudi Aramco Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$355,905.0035.3%
Profits ($M)$110,974.5046.9%
Assets ($M)$358,872.90-
Total Stockholder Equity ($M)$271,062.40-

Profit Ratios

Profit as % of Revenues31.2%
Profits as % of Assets30.9%
Profits as % of Stockholder Equity40.9%