Saudi Aramco made a Huge Profit with an astonishing $121.3 billion in 2023 more than Meta ($39 billion) NVIDIA ($30 billion), Tesla ($15 billion), Apple $97 billion, and Microsoft, $72 billion.
Saudi Aramco concluded the year 2023 with an impressive profit of $121.3 billion, maintaining its position as the global leader in profits among world publicly listed companies for the second consecutive year 2023 and 2023,
But despite experiencing a slight decrease from its peak in 2022 it back in 2023 even more than double in 2024.
This demonstrates the company’s resilience in navigating fluctuations in oil prices worldwide, especially as an OPEC member.
However, despite a decline from its record-breaking profit in 2022, attributed to the downward trend in oil prices, Saudi Aramco has solidified its status as the profit leader for two consecutive years. Looking ahead, the focus shifts to the company’s stock value.
As attention shifts towards Saudi Aramco’s stock performance last year and this year, analysts anticipate potential growth in coming years with Investing Pro’s Fair Value assessment presenting an optimistic outlook year over year.
Author: Admin/CTTO
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