Last year had sales of Saudi Aramco equivalent to 1.032 billion. This corresponds to more than the entire Swedish government expenditure, which is located on 992 billion.
time since the oil company became state-owned as the publicly go out with how big their assets are.
Saudi Aramco has been described as Saudi arabia’s crown jewel.
In comparison, had sales of Apple – the world’s most profitable private companies – the equivalent of 550 billion.
Last year, the average price of oil by 31 percent in comparison with 2017, which would be an explanation of the company’s financial position, writes CNN.
had plans to be listed on the stock exchange last year, which was seen as a part of the crown prince Mohammed bin Salmans plans to economic and social reform of the kingdom. But it has still not happened.
financial Analysts have previously expressed scepticism towards how large Saudi Aramco actual value is.
