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Energy Intelligence expects Saudi Aramco to make a net profit of $ 47 billion in the first half of 2019.
The Saudi giant Aramco has been named the most profitable company after recording a net profit of more than $ 111 billion, according to Moody's and Fitch Ratings.
Aramco's results are equivalent to those of the three most profitable companies in the world, Apple, Alphabet and Exxon Mobil combined according to Bloomberg calculations.
Saudi Aramco is rated A1 by Moody's and A + by Fitch.
Moody's report pointed out that Aramco had a very strong liquidity of about 840.8 billion US dollars against a debt estimated at 27 billion US dollars at the end of the year. Last year.
Aramco has distributed a cash dividend of $ 58.2 billion to the Saudi government in 2018, said Moody's.
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