Wednesday, October 4, 2023

Saudi Aramco is the Most Profitable Company in the History of the World

Saudi Aramco, a leading Saudi Industry chaired by Crown Prince Mohammed bin Salman, has etched its name in history as the most profitable company to ever grace the global business landscape. With its value exceeding $2 trillion, this giant Oil company has an indisputable dominance in the world, reinforced by its remarkable net profits of more than $159 billion in the previous year.

The company has ranked among the top position in the Fortune Global 500 ranking. It is noteworthy to mention that Saudi Aramco has survived and succeeded amidst the surging energy prices catalyzed by Russia’s invasion of Ukraine.

Under the influence of Crown Prince Mohammed bin Salman, the company has started innovative endeavors by collaborating with other sectors. The company ventured into the world of professional golf through the Public Investment Fund (PIF) and collaboration between LIV Golf and PGA Tour is expected to redefine the sport’s landscape.

Saudi Aramco’s power extends into the political world as well. Despite being denounced by US President Joe Biden, Mohammed bin Salman showcased his influence by convincing Biden to increase oil sales globally with an aim to alleviate inflation. The 13-country OPEC group led by Saudi Arabia, cut the global oil sales by 2 million barrels per day, reinforcing MBS’s influence and power over the world leaders.

The unparalleled success of Saudi Aramco symbolizes its role as a main player in the global energy landscape.

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