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The group with the incredibly high profit

told How the credit rating Agency Moody's on Monday, summed up the company's net profit last year to 111.1 billion dollars. Fitch Ratings, the profit before taxes amounted to 224 billion dollars.

Saudi Aramco, the most famous Oil companies in the world in the shadows. The profits of Chevron and Exxon Mobil from the United States, BP from great Britain, the Anglo-Dutch rival Royal Dutch Shell and Total of France amounted to 2018, nearly $ 80 billion – but added together.

Saudi Aramco is considered to be concealed and granted, for the first time since the nationalisation of the group in the ' 70s, a look at the balance sheets. The background is that Saudi Aramco is seeking the Acquisition of a 70 per cent share of the Saudi Arabian Petrochemical company Sabic. For the merger of the two largest companies in the Kingdom, Saudi Aramco 69.1 billion Dollar costs to sell of the group's bonds to investors. As a result, Moody's and Fitch were given an insight into the books.

The large part of the profits of Saudi Aramco to the Saudi Arabian leadership. Crown Prince Muhammad bin Salman is currently keen to push his ambitious reform programme, Vision 2030, the oil-rich Kingdom, a commercially wider and to be a center for technology and Innovation wants. (AFP)

Created: 02.04.2019, 14:13 PM

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