{"id":267619,"date":"2019-04-02T06:44:20","date_gmt":"2019-04-02T06:44:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267619"},"modified":"2019-04-02T06:44:20","modified_gmt":"2019-04-02T06:44:20","slug":"aramcos-big-reveal-what-we-learned-about-the-saudi-oil-giant","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aramcos-big-reveal-what-we-learned-about-the-saudi-oil-giant\/","title":{"rendered":"Aramco&#8217;s big reveal: What we learned about the Saudi oil giant"},"content":{"rendered":"<p>It was always suspected, and now it\u2019s official. Saudi Aramco is the world\u2019s most profitable company. <\/p>\n<p>Jealously guarded financial data about the kingdom\u2019s prized asset were disclosed to bond investors for the first time on Monday. Aramco\u2019s $111.1 billion profit in 2018 easily dwarfed all other businesses on the planet, a stunning result for a company that also paid the Saudi government $102 billion in taxes last year. <\/p>\n<p>Here are some insights from Aramco\u2019s financial statements:<br \/>\n1- Aramco leads all companies, oil and otherwise<\/p>\n<p>2- It still lags other oil majors in profit per barrel<br \/>\nAramco, which produces about 10 percent of the world\u2019s crude, spends just under $3 a barrel to pump its crude but doesn\u2019t generate as much cash per barrel as other top oil companies. The culprit: high taxes. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was always suspected, and now it\u2019s official. Saudi Aramco is the world\u2019s most profitable company. Jealously guarded financial data about the kingdom\u2019s prized asset were disclosed to bond investors for the first time on Monday. Aramco\u2019s $111.1 billion profit in 2018 easily dwarfed all other businesses on the planet, a stunning result for a company that also paid the Saudi government $102 billion in taxes last year. Here are some insights from Aramco\u2019s financial statements: 1- Aramco leads all companies, oil and otherwise 2- It still lags other oil majors in profit per barrel Aramco, which produces about 10 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-267619","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=267619"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267619\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}