- The first official glimpse of Saudi Aramco's 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 U.S. behemoths including Apple Inc. and Exxon Mobil Corp.
- But accounts published before the firm's debut in the international bond market also show Aramco -- an organization that produces about 10 percent of the world's crude -- doesn't generate as much cash per barrel as other leading oil companies like Royal Dutch Shell Plc because of a heavy tax burden.
- Aramco reported funds flow from operations -- a measure closely watched by investors and similar to cash flow from operations -- of $26 abarrel equivalent of oil last year, according to Fitch.
New service from OilVoice
is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it