Rare glimpse into Saudi Aramco shows US$111 billion net profit
That places Aramco ahead of some of the world's most profitable firms. By contrast, Apple booked a net profit of about $60 billion in its last full year, Royal Dutch Shell had net income of $23 billion and Exxon Mobil $21 billion.
Moody's said Aramco paid $58.2 billion in dividends in 2018 and $50.4 billion in 2017. It remains unclear exactly how these dividends are distributed within the Saudi monarchy and its ruling family. In their first-ever grade assessment for Aramco, Fitch issued the firm an A+ rating, while Moody's gave it it's A1 rating.
Fitch said its conservative forecasts show Saudi Aramco's net debt rising to around $35 billion by 2021, after incorporating the SABIC transaction.
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