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At $111 billion, Aramco made more profit than Apple, Exxon and Shell put together last year

Aug 14, 2019 - The Economic Times

NEW DELHI: Saudi Aramco, which is buying 20 per cent in the oil and petrochemicals business of Reliance Industries, has emerged as the world's most profitable company with a staggering bottomline of $111 billion last year, surpassing the combined profits of giants like Apple, ExxonMobil and Royal Dutch Shell.The state-owned company's massive oil production makes Saudi Arabia the kingpin of the Organisation of Petroleum Exporting Countries. The company is on an acquisition spree, buying stakes in...