Saudi Aramco’s accounts show the oil giant to be the world’s most profitable company with a net income of $33.8 billion in the first half of 2017. Bloomberg’s Javier Blas reports on “Bloomberg Daybreak: Americas.
While ARAMCO revenues are bigger than those of any other company in the world, and more than at least total revenues of 5 top global oil companies combined, what is keeping he company’s valuation below $2tn?
Still, it’s good to remember that the financial results are those of 2017 when oil prices were in the $55 range.
To know the answer, watch the video.