Investigators says Ukraine may be behind the attack
Saudi Arabia's state oil company is the world's most profitable business
Saudi Aramco prospectus shows the human rights abusing kingdom's fossil fuel company is worried about environmental activism
A Saudi Aramco official watches progress at a rig at the al-Howta oil field near Howta, Saudi Arabia, in 1997
SAUDI ARABIA’s state oil company was revealed to be the world’s most profitable business today.
A Moody’s Investors Services assessment published yesterday showed that Saudi Aramco’s net profits reached $111 billion (£85.1bn) last year on revenues of £273.1bn.
The company’s profits are four times higher than its polluting rivals Shell (£17.6bn) and ExxonMobil (£16.1bn), and significantly higher than tech company Apple (£46bn), whose products contain coltan extracted from mines in the conflict-torn Democratic Republic of Congo.
Moody’s said the fossil fuel giant pulled in $355.9bn in revenue last year and produced 10.3 million barrels of crude oil a day, most of which needs to stay in the ground if a reduction in global carbon emissions is to be achieved.
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