Saudi Aramco loses status as world's most profitable company

SAUDI Aramco has lost its crown as the most profitable company in the world after doubling its debt while profits crashed over the 12 months ending December 31.

Saudi Aramco loses status as world's most profitable company Saudi Aramco loses status as world's most profitable company Saudi Aramco loses status as world's most profitable company Saudi Aramco loses status as world's most profitable company Saudi Aramco loses status as world's most profitable company

 

The Middle Eastern oiler is still the biggest oil company in the world but in its financial report, published yesterday, revealed net profits had fallen more than 40% to 183.