Aramco Set to Peel Back Financial Veil With August Earnings Call - Bloomberg:
Now that Saudi Aramco has revealed itself as the world’s most profitable company, it’s preparing to host its first earnings call in August to discuss half-yearly results.
The world’s biggest crude exporter rolled back decades of secrecy over its business when it revealed an independent audit of its oil reserves in January and in April released a bond prospectus revealing financials for the first time, showing a $111 billion profit last year.
Now the company, officially known as Saudi Arabian Oil Co., is going a step further by posting results for 2017 and 2018 on a new investor relations page on its website. Holding a public conference call to discuss half-year earnings, as indicated on the investors’ page without specifying the exact day in August, would be another first.
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