{"id":267680,"date":"2019-04-02T05:14:32","date_gmt":"2019-04-02T05:14:32","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267680"},"modified":"2019-04-02T08:38:17","modified_gmt":"2019-04-02T08:38:17","slug":"forget-apple-or-exxon-saudi-aramco-was-the-most-profitable-company-in-2018","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/forget-apple-or-exxon-saudi-aramco-was-the-most-profitable-company-in-2018\/","title":{"rendered":"Forget Apple or Exxon, Saudi Aramco was the most profitable company in 2018"},"content":{"rendered":"<p>The first official glimpse of Saudi Aramco\u2019s financial performance confirms the state-run oil giant can generate profit like no other company on Earth: net income last year was $111.1 billion, easily outstripping US behemoths, including Apple Inc. and Exxon Mobil Corp. <\/p>\n<p>But accounts published before the firm\u2019s debut in the international bond market also show Aramco \u2014 an organisation that produces about 10 per cent of the world\u2019s crude \u2014 doesn\u2019t generate as much cash per barrel as other leading oil companies like Royal Dutch Shell Plc because of a heavy tax burden. <\/p>\n<p>The bond sale, being pitched to investors this week in a global road show, has forced Aramco to reveal secrets held close since the company\u2019s nationalisation in the late 1970s, casting a light on the relationship between the kingdom and its most important asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first official glimpse of Saudi Aramco\u2019s financial performance confirms the state-run oil giant can generate profit like no other company on Earth: net income last year was $111.1 billion, easily outstripping US behemoths, including Apple Inc. and Exxon Mobil Corp. But accounts published before the firm\u2019s debut in the international bond market also show Aramco \u2014 an organisation that produces about 10 per cent of the world\u2019s crude \u2014 doesn\u2019t generate as much cash per barrel as other leading oil companies like Royal Dutch Shell Plc because of a heavy tax burden. The bond sale, being pitched to investors [&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":[135,130,169],"tags":[],"class_list":["post-267680","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267680","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=267680"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267680\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}