$111 Billion in Net Income for Saudi Aramco in 2018
Fitch Ratings and Moody’s, two rating agencies, posted snapshots of Saudi Aramco’s financials.
Saudi Aramco
generated US$ 111.1 billion in net income for fiscal year 2018.
To compare, Chevron Corporation raked in US$ 14.8 billion in net income in 2018 versus US$ 9.2 billion in 2017.
Saudi Aramco had EBITDA of US$ 224 billion in 2018.
Fitch Ratings
reported that, at the end of 2018, Saudi Aramco had “cash and cash equivalents” of US$ 49 billion.
Rating agency Moody’s
claims that Saudi Aramco paid US$ $58.2 billion in dividends to the “Saudi government” in 2018.
The rating firms rated Saudi Aramco before its US$ 10 billion Saudi Aramco bond.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/111-billion-in-net-income-for-saudi-aramco-in-2018/