Forum Navigation
NNPC's Saudi Arabia Counterpart Made $111 Billion in Profit
#1 · April 2, 2019, 8:16 PM
No one knows how much NNPC makes but we do know that Saudi Arabia's equivalent of NNPC, Aramco, is making real money: Arambo generated $111 billion for the kingdom in 2018!
Saudi Aramco is the most profitable company in the world. The country's national oil company opened its books yesterday, in the run-up to a planned bond sale, showing that it made $111.1 billion in net income last year. Apple made just $59.5 billion, and rival fossil fuel firms Shell and Exxon Mobil just $23.9 billion and $20.8 billion respectively. (Fortune)