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Saudi Aramco

Saudi Aramco

| August 22, 2022
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If you’ve been wondering where all the extra money you’ve been spending to fill up your gas tank has been going, there’s a good bet at least some of it made it to Saudi Arabia’s energy behemoth Saudi Aramco.  Saudi Aramco isn’t just big, it’s huge.  It announced an eye-watering $48.4 billion in net income in the second quarter alone.  That’s 2.5 times Apple’s $19.4 billion, and exceeded the sum total of Apple, Microsoft, Meta/Facebook and Tesla combined! (Chart from chartr.co)

Jeffrey Cerny

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