Aramco Emerges Ahead of Apple as World’s Most Profitable Company

Rory Jones and Summer Said:

With $111 billion in net income in 2018, Saudi Aramco, as the firm is known, had bigger returns last year than Apple Inc. and Exxon Mobil Corp. combined. Before taxes and other expenses, the firm said it made $212 billion, a figure similar to the combined military budgets of the 28 member states of the European Union.

This is just a staggering amount of money.