Rare glimpse into Saudi Aramco shows $224 billion in profit:
Rating agencies have given oil giant Saudi Aramco high ratings ahead of its upcoming bonds sale, with Fitch Ratings saying the company had profits of $224 billion last year before taxes.
Fitch gave it an A+, its first ever such rating for Aramco.
Moody’s Investors Services gave it an A1 rating and says Aramco reported $355.9 billion in revenue and $111.1 billion in net income last year.
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