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Saudi Aramco is nearly twice as profitable as Apple

[2019-04-01 14:25:31]

Saudi Aramco’s net profits reached $111 billion last year, according to an assessment published Monday by Moody’s Investors Services that offered a rare glimpse into the state-owned oil firm’s finances before it issues its first bonds in international markets. That places Aramco ahead of some of the world’s most profitable firms. By contrast, Apple booked...

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