Saudi Aramco: The Big Money Maker

Saudi Aramco, the huge oil and gas company owned by the state, has topped the charts again for making the most money among all the big companies in the world. In 2023, it made a mind-blowing $121.3 billion in profit!

Even though this is a bit less than the gigantic $161 billion it made in 2022, Saudi Aramco is still going strong, even when the prices of oil go up and down. It's like the king of profits!

People are now keeping a close eye on how well Saudi Aramco's stocks are doing. Experts think they might keep growing. Right now, one share of Saudi Aramco is worth $8.55, which is more than 20% higher than when they first started trading in 2019.

Saudi Aramco's total value on the stock market is over $2 trillion! That's a huge number, even compared to giants like Microsoft, Apple, and Nvidia. Experts who study Saudi Aramco's finances say that the stock is priced just right, at $8.53 per share. They look at lots of different numbers to figure this out.

Looking ahead to 2024, there are cool new tools that use artificial intelligence to help people invest their money wisely, like ProPicks. You can invest big bucks right from your sofa!

Conclusion:

It's pretty amazing when you realize that Saudi Aramco made more money on its own than four of the biggest companies in the world put together: Meta, Amazon, NVIDIA, and Tesla. Those four companies combined made $114 billion, which sounds like a lot until you compare it to Saudi Aramco's $121.3 billion. Talk about a profit powerhouse!

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