#Saudi Aramco's $10bn bond | FT Alphaville

Saudi Aramco's $10bn bond | FT Alphaville:

Well, it would be a large amount for most companies. Except Saudi Aramco isn't most companies. Last year, according to the document, it recorded $111bn of net income.

For comparison, Apple managed $59bn over the same period, according to S&P Capital IQ.

So all aboard the world's least innovative model! For all the talk of the new economy, it seems nothing beats extracting black stuff out of the ground at low costs.