Saudi Aramco
Saudi Aramco, the world's most profitable company, generated $104.7 billion in profits last year and plays a critical role in Saudi Arabia's economic and geopolitical influence. The company supports Crown Prince Mohammad Bin Salman's ambitious development projects through substantial revenue transfers to the sovereign wealth fund. Despite global risks like disruptions in the Strait of Hormuz, Aramco remains resilient and central to Saudi efforts to diversify its economy and expand into technology and global events.
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The world’s biggest oil company is also, by some measures, the most profitable company of any kind, perhaps in history. Last year it raked in $104.7 billion in profits, or nearly $287 million a day. Sure, the U.S. pumps more barrels of oil, as President Trump regularly boasts. But it costs the Saudis a fraction to produce theirs, and they can store excess barrels in tankers in the desert, acting as the last-resort supplier in crises like the Iran war; even as Iranian drones blasted Saudi Arabia, Aramco piped 7 million barrels a day to the kingdom’s Red Sea port.All that gives Saudi Arabia global clout in politics and business, far beyond oil. The country is building tourism and other industries, but Aramco’s revenues underpin much of that.
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