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