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Murphy Oil Returns Home


  • 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.



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