How Much Oil Reserves Does Saudi Arabia's Aramco Hold?
Saudi Arabia ’s state-run oil firm Aramco is the most profitable company in the world beating Apple, Microsoft, Google’s parent company Alphabet, and Tesla by a large margin. Its profit in pre-tax income stands at $247.43 billion while Apple is at $114.3 billion. Here, we are talking only about profits pre-tax income and not market cap as a whole. When it comes to market cap, Apple takes the top spot with $3.346 trillion while Aramco is at $1.788 trillion. Also Read: Data Breach: US Banker Drains $2.3 Million From Customers Accounts That being said, Saudi Arabia’s Aramco is also miles ahead of its competitors in the global oil sector. American oil giants are nowhere close to Aramco’s reserves as it is four times bigger than six US oil companies combined. In this article, we will highlight how much oil reserves Saudi Arabia’s Aramco boasts in the global sector. Saudi Arabia’s Aramco: The Global Oil Leader Source: oilandgasmiddleeast.com Saudi Arabia ...