The oil company Saudi Aramco recently carried out the largest IPO in history.
Crédits : REUTERS/Ahmed Jadallah
With a record market valuation of $1,700 billion, it lies far ahead of Apple (1180) and Microsoft (1144), the world’s 2nd and 3rd largest companies in market values respectively. Out-of-the-ordinary figures for the saudi national company…
In 2018, the business claimed $111 billion in profits, making it the most profitable company in the world. In comparison, its profits are equal to those of its eight main competitors.
Next to the digital giants, its profits equal those of Apple, Google and Facebook combined.
And on the greater scale of the stock market, it remains higher than the cumulative profits of all the companies in the CAC 40.
This adds up, as the Saudi giant maintains the upper hand in terms of production.
Regarding reserves, their domination proves to be even more overwhelming… The company possesses far more oil than all its competitors combined!