Aramco Rakes in Record Profit, Surpassing Tech Giants Combined
Saudi Aramco, the state-owned oil giant of Saudi Arabia, reported a staggering $121 billion in profit for 2023. This figure marks the company's second-highest profit ever. It sees more profit than Meta, NVidia, Amazon, and Tesla combined.
Saudi Aramco, the giant oil company, wrapped up 2023 with a jaw-dropping $121.3 billion profit, securing its position as the global profit leader among publicly listed companies.
To give you an idea of how massive that is, think about the combined profits of four big Wall Street players: Meta ($39 billion), Amazon.com ($30 billion), NVIDIA Corporation ($30 billion), and Tesla ($15 billion). Altogether, they made $114 billion - still $7 billion less than Saudi Aramco alone! Even tech titans like Apple and Warren Buffet's Berkshire Hathaway, with $9...
