SCO & BRICS latest news and insights
By Rhod Mackenzie
The companies with the highest capitalisation in relation to national GDP are located in Saudi Arabia, South Korea and Argentina. Saudi Aramco, the Saudi oil and gas company, is the only company from the G20 countries whose indicator exceeds the country’s GDP, according to RIA No...
The CEO of Saudi Aramco, Amin Nasser, has called for a change in the strategy of transitioning from fossil fuels to renewable energy sources, commonly known as the 'green' transition. Nasser believes that the current strategy has failed and proposes to abandon the idea of replacing oil and gas with...
According to Saudi Aramco's 2023 financial results, the company's net profit decreased by 24.7% to $121.3 billion from a record $161.1 billion in the previous year.
The company's free cash flow also decreased by 31.9% to $101.2 billion, while capital investments increased to $49.7 billion from $38...
By Rhod Mackenzie
The common assumption that technology firms generate the highest revenue is erroneous. As per Fortune magazine, in 2023, the most lucrative corporation globally is neither Apple Inc nor Google. Instead, it is the oil conglomerate Saudi Aramco, with 90% of its shares currently own...
