Saudi Aramco IPO: The oil giant's 2018 profit was equal to Apple, Google and Exxon’s combined
Updated : November 04, 2019 12:26 PM IST
A steady performer, Aramco reported revenues of $356 billion (around Rs 25 lakh crore) in 2018, which is 6X the revenue generated by Reliance Industries and 25X revenue generated by oil major ONGC.
Saudi Aramco reported a profit of $111 billion—equal to profits reported by US giants Apple, Google and Exxon Mobil combined.
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