Saudi Arabia's national oil company was the most profitable company on the planet in 2018, according to a new report.
According to a report from Fitch Ratings, Bloomberg News reported that Saudi Arabian Oil Co. – known as Aramco – generated a whopping $ 224 billion last year, before interest, tax and depreciation.
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was a distant second, with $ 82 billion, followed by South Korea's Samsung Electronics
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Royal Dutch Shell
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and Exxon Mobil Corp.
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An expected initial public offering by Aramco did not happen last year, but Saudi Arabia's Crown Prince Mohammed bin Salman reportedly said in October that the oil The giant would go public by 2021, with an estimated value of around $ 2 trillion.
The Fitch report was a rare look at Aramco's secretive finances, and comes ahead of a $ 10 billion bond offering for the company that may come as soon as this week. , the Wall Street Journal reported Thursday. Fitch rated Armaco A + for its first-ever debt issuance.