According to the results of 2018, Saudi Aramco from Saudi Arabia become the most profitable oil and gas corporation.
According to Bloomberg, citing data from Moody’s Investors Service, the company earned 111.1 billion dollars during the year, and it is more than such big companies from other fields as Apple, Google and ExxonMobil ($59.5 billion, $30.7 billion and $20.8 billion, respectively).
Earlier, the Fitch Ratings Agency has published Saudi Aramco annual earnings data before interest, taxes, depreciation and amortization, which amounted to $224 billion.
It should be noted that each produced barrel of oil brings to the company only $26, while to Royal Dutch Shell it brings $38, and to Total $31.
By the way, Bloomberg believes that the assessment could be higher, but tax pressure from the state prevents Saudi Aramco from achieving higher rating. According to Bloomberg, the company pays 50% of its income in the form of income tax and in addition pays on a sliding scale of royalties.
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