Not Big Oil. Biggest Oil... Saudi Arabian Oil Co — aka "Aramco" — just stuck its financial statements up on the web for the first time ever. It didn't have to (it's not publicly traded), but it's trying to pique some investor intrigue. Here's what Earth's most profitable company looks like:
The home run record was 16. Then Babe Ruth hit 29. Then he hit 54... Aramco is the Bambino of profits. Behold, its elusive financial stats from the 1st half of 2019:
Operation: Modernize... The next Saudi King (Crown Prince Mohammed Bin Salman) was all the rage trying to modernize his intensely conservative country (women just got the right to drive). That plan was put on ice after the murder of journalist Jamal Khashoggi (believed to be at the Crown Prince's order). Now he's venturing out of the moral doghouse and the finance world doesn't seem to mind. The biggest IPO ever could be coming.