Saudi Aramco cements status as world's most profitable company after earning $68 billion in just 9 m

Saudi Aramco told bankers working on its initial public offering that it earned $68 billion in the first nine months of 2019, Bloomberg reported Tuesday. The disclosed earnings establish Aramco as the world's most profitable company ahead of its record IPO. The nine-month figure is likely dragged down by September drone attacks on Aramco facilities. The state-owned firm was forced to rely on oil reserves as it repaired damaged infrastructure. Visit the Business Insider homepage for more...